JKK&L Properties, LLC
JKK&L Properties, LLC, located in Pleasant Prairie, Wisconsin, operates in metal crown, closure, and other metal stamping (except automotive). The company financed real estate or equipment through an SBA 504 loan of $1,842,000, with First American Bank as the lending bank and WBD, Inc. as the certified development company, with approval dated July 15, 2024.
SBA 504 loan, approved Jul 15, 2024
$1,842,000 SBA portionCDC: WBD, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,842,000
- Bank portion
- $2,250,000
- Estimated project size
- $4,546,667 (estimated)
- Estimated owner equity
- $454,667 (estimated, about 10% of the project)
- Bank lender
- First American Bank, Elk Grove Village, IL
- CDC
- WBD, Inc.
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 15, 2049 (estimated, approval date plus term)
- First disbursement
- Nov 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 332119, Metal Crown, Closure, and Other Metal Stamping (except Automotive)
- Project location
- Kenosha County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Metal Crown, Closure, and Other Metal Stamping (except Automotive): $1,842,000.
- 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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