Kelmann Restoration
Kelmann Restoration is located in Milwaukee, WI, and the SBA lists its industry as Residential Remodelers. It was approved for an SBA 504 loan ($2,649,000 SBA portion) on December 22, 2025 to finance real estate or equipment.
SBA 504 loan, approved Dec 22, 2025
- SBA (CDC) portion
- $2,649,000
- Bank portion
- $3,222,000
- Estimated project size
- $6,523,333 (estimated)
- Estimated owner equity
- $652,333 (estimated, about 10% of the project)
- Bank lender
- Old National Bank, Evansville, IN
- CDC
- WBD, Inc.
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 22, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 236118, Residential Remodelers
- 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 76% of expansion loans in Residential Remodelers on this site.
- Average expansion loan in Residential Remodelers: $1,748,524.
- 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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