Ward-Brodt Music Company
Ward-Brodt Music Company in Fitchburg, WI, operates in the musical instrument and supplies retailers industry (NAICS 459140). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,017,000, approved August 6, 2024, through Lake Ridge Bank with a 300-month term and 4 reported jobs.
SBA 504 loan, approved Aug 6, 2024
$1,017,000 SBA portionCDC: WBD, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,017,000
- Bank portion
- $1,240,000
- Estimated project size
- $2,507,778 (estimated)
- Estimated owner equity
- $250,778 (estimated, about 10% of the project)
- Bank lender
- Lake Ridge Bank, Middleton, WI
- CDC
- WBD, Inc.
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 6, 2049 (estimated, approval date plus term)
- First disbursement
- Nov 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 459140, Musical Instrument and Supplies Retailers
- Project location
- Dane County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Musical Instrument and Supplies Retailers: $1,203,667.
- Average expansion loan in Wisconsin: $2,095,135.
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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