Felker Truck, LLC
Felker Truck, LLC is a business in Hortonville, Wisconsin, classified under industrial truck, tractor, trailer, and stacker machinery manufacturing. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $3,050,000, approved on September 23, 2024, through Ixonia Bank.
SBA 7(a) loan, change of ownership, approved Sep 23, 2024
$3,050,000 approvedLender: Ixonia Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,050,000
- SBA-guaranteed amount
- $2,287,500 (75% of the approval)
- Lender
- Ixonia Bank, Ixonia, WI
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 6.3%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- September 23, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $34,323 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 20, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 21
- Business type
- Corporation
- NAICS
- 333924, Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing
- Project location
- Outagamie County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing: $3,050,000.
- 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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