Interstate Companies LC
Interstate Companies LC, located in Oconomowoc, Wisconsin, operates in the landscape architectural services industry (NAICS 541320). The company was financed with an SBA 7(a) loan for a change of ownership totaling $2.7 million, approved on May 8, 2024 through Ixonia Bank.
SBA 7(a) loan, change of ownership, approved May 8, 2024
$2,700,000 approvedLender: Ixonia Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,700,000
- SBA-guaranteed amount
- $2,025,000 (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
- 7.4%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- May 8, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $31,909 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 541320, Landscape Architectural Services
- Project location
- Waukesha County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 76% of acquisition loans in Landscape Architectural Services on this site.
- Average acquisition loan in Landscape Architectural Services: $2,243,276.
- 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
- Ganshert Landscapes LLC, Fitchburg