Wichelt Imports, Inc.
Wichelt Imports, Inc. is a business in Stoddard, Wisconsin, in the piece goods, notions, and other dry goods merchant wholesalers industry. It was financed with an SBA 7(a) loan for a change of ownership totaling $4,449,000, approved by Associated Bank National Association on March 16, 2026.
SBA 7(a) loan, change of ownership, approved Mar 16, 2026
$4,449,000 approvedLender: Associated Bank National Association11 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,449,000
- SBA-guaranteed amount
- $3,336,750 (75% of the approval)
- Lender
- Associated Bank National Association, Green Bay, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 6.92%, fixed
- Term
- 11 years (132 months)
- Estimated maturity
- March 16, 2037 (estimated, approval date plus term)
- Estimated monthly payment
- $48,237 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 30, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 27
- Business type
- Corporation
- NAICS
- 424310, Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers
- Project location
- La Crosse County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers: $2,282,229.
- 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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