Wellbrook Recovery Madison LLC
Wellbrook Recovery Madison LLC is a residential mental health and substance abuse facility in Madison, Wisconsin, classified under NAICS 623220. The company financed real estate or equipment through an SBA 504 loan of $2,180,000, with a separate bank portion, approved on February 13, 2026 by Old National Bank through the CDC WBD, Inc.
SBA 504 loan, approved Feb 13, 2026
$2,180,000 SBA portionCDC: WBD, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,180,000
- Bank portion
- $3,030,000
- Estimated project size
- $5,788,889 (estimated)
- Estimated owner equity
- $578,889 (estimated, about 10% of the project)
- Bank lender
- Old National Bank, Evansville, IN
- CDC
- WBD, Inc.
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 13, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 75
- Business type
- Corporation
- NAICS
- 623220, Residential Mental Health and Substance Abuse Facilities
- Project location
- Dane County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-2
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Average expansion loan in Residential Mental Health and Substance Abuse Facilities: $1,865,167.
- 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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