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Lakeland Manufacturing LLC

Cumberland, WI · All Other Miscellaneous Fabricated Metal Product Manufacturing · NAICS 332999

Lakeland Manufacturing LLC is a business in Cumberland, Wisconsin, classified under NAICS 332999 for All Other Miscellaneous Fabricated Metal Product Manufacturing. Two loans to the company were financed with SBA 7(a) loans for a change of ownership, totaling $4,794,200, through Old National Bank with an approval date of May 22, 2025, and the loans report 31 jobs.

SBA 7(a) loan, change of ownership, approved May 22, 2025

$4,294,200 approvedLender: Old National Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,294,200
SBA-guaranteed amount
$3,220,650 (75% of the approval)
Lender
Old National Bank, Evansville, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.79%, fixed
Term
25 years (300 months)
Estimated maturity
May 22, 2050 (estimated, approval date plus term)
Estimated monthly payment
$32,548 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 29, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
31
Business type
Corporation
NAICS
332999, All Other Miscellaneous Fabricated Metal Product Manufacturing
Project location
Barron County, WI
SBA district office
Wisconsin District Office
Congressional district
WI-07
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 89% of acquisition loans in All Other Miscellaneous Fabricated Metal Product Manufacturing on this site.
  • Average acquisition loan in All Other Miscellaneous Fabricated Metal Product Manufacturing: $2,156,280.
  • 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.

SBA 7(a) loan, change of ownership, approved May 22, 2025

$500,000 approvedLender: Old National Bank10 years termCommitted, not fully disbursedLoan details
Gross approval
$500,000
SBA-guaranteed amount
$250,000 (50% of the approval)
Lender
Old National Bank, Evansville, IN
Processing method
SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
Initial interest rate
9%, variable
Term
10 years (120 months)
Estimated maturity
May 22, 2035 (estimated, approval date plus term)
Estimated monthly payment
$6,334 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
31
Business type
Corporation
NAICS
332999, All Other Miscellaneous Fabricated Metal Product Manufacturing
Project location
Barron County, WI
SBA district office
Wisconsin District Office
Congressional district
WI-07
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
Yes
  • Average acquisition loan in All Other Miscellaneous Fabricated Metal Product Manufacturing: $2,156,280.
  • 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