Main Street Registry

Culver's Milwaukee-Good Hope

Milwaukee, WI · Limited-Service Restaurants · NAICS 722513

Culver's Milwaukee-Good Hope, a limited-service restaurant business in Milwaukee, WI, financed real estate or equipment through an SBA 504 loan of $1,235,000 approved on November 22, 2024. The loan was provided through Horicon Bank with WBD, Inc. as the certified development company, and the business is a Culver's franchise.

SBA 504 loan, approved Nov 22, 2024

$1,235,000 SBA portionCDC: WBD, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,235,000
Bank portion
$1,507,000
Estimated project size
$3,046,667 (estimated)
Estimated owner equity
$304,667 (estimated, about 10% of the project)
Bank lender
Horicon Bank, Horicon, WI
CDC
WBD, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
November 22, 2049 (estimated, approval date plus term)
First disbursement
May 14, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
29
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Franchise
Culver's
Project location
Milwaukee County, WI
SBA district office
Wisconsin District Office
Congressional district
WI-4
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 37% of expansion loans in Limited-Service Restaurants on this site.
  • Average expansion loan in Limited-Service Restaurants: $1,507,672.
  • 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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Same industry in Wisconsin