Van Hise III LLC
Van Hise III LLC is located in Footville, WI, and the SBA lists its industry as All Other Miscellaneous Manufacturing. It was approved for an SBA 7(a) loan of $1,580,000 for a change of ownership on March 26, 2025.
SBA 7(a) loan, change of ownership, approved Mar 26, 2025
- Gross approval
- $1,580,000
- SBA-guaranteed amount
- $1,422,000 (90% of the approval)
- Lender
- Bank Five Nine, Oconomowoc, WI
- Processing method
- International Trade Loan: for businesses that export or are preparing to
- Initial interest rate
- 9%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- March 26, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $13,259 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 6, 2025
- Loan status
- Paid in full
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 339999, All Other Miscellaneous Manufacturing
- Project location
- Rock County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 54% of acquisition loans in All Other Miscellaneous Manufacturing on this site.
- Average acquisition loan in All Other Miscellaneous Manufacturing: $1,844,417.
- Average acquisition loan in Wisconsin: $1,729,230.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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Same industry in Wisconsin
- Pioneer Products, Inc., Racine