Family Fresh Pack, Inc.
Family Fresh Pack, Inc. is a cheese manufacturing business located in Monticello, Wisconsin. The company was approved for an SBA 504 loan of $5.5 million through the lender Johnson Bank on November 4, 2024, which financed real estate or equipment through an SBA 504 loan.
SBA 504 loan, approved Nov 4, 2024
$5,500,000 SBA portionCDC: WBD, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $5,500,000
- Bank portion
- $8,290,000
- Estimated project size
- $15,322,222 (estimated)
- Estimated owner equity
- $1,532,222 (estimated, about 10% of the project)
- Bank lender
- Johnson Bank, Racine, WI
- CDC
- WBD, Inc.
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 4, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 30
- Business type
- Corporation
- NAICS
- 311513, Cheese Manufacturing
- Project location
- Green County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-2
- Collateral
- Yes
Estimated share of project by source
Bank 54% SBA (CDC) 36% Owner 10%
- Average expansion loan in Cheese Manufacturing: $4,534,667.
- 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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