Bachhuber Machining Inc.
Bachhuber Machining Inc. is located in Mayville, Wisconsin, and its industry is listed as special die and tool, die set, jig, and fixture manufacturing. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $531,000, approved on June 25, 2024 by Ergo Bank.
SBA 7(a) loan, change of ownership, approved Jun 25, 2024
- Gross approval
- $531,000
- SBA-guaranteed amount
- $398,250 (75% of the approval)
- Lender
- Ergo Bank, Markesan, WI
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.25%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- June 25, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,513 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 333514, Special Die and Tool, Die Set, Jig, and Fixture Manufacturing
- Project location
- Dodge County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Special Die and Tool, Die Set, Jig, and Fixture Manufacturing: $1,637,778.
- 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
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