Lomira Storage LLC
Lomira Storage LLC, located in Lomira, Wisconsin, operates in the lessors of miniwarehouses and self-storage units industry. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,404,000, with Bank Five Nine as the lender and an approval date of February 6, 2024.
SBA 7(a) loan, change of ownership, approved Feb 6, 2024
$1,404,000 approvedLender: Bank Five Nine303 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,404,000
- SBA-guaranteed amount
- $1,053,000 (75% of the approval)
- Lender
- Bank Five Nine, Oconomowoc, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 25 years, 3 months (303 months)
- Estimated maturity
- May 6, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $11,751 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 531130, Lessors of Miniwarehouses and Self-Storage Units
- Project location
- Dodge County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 56% of acquisition loans in Lessors of Miniwarehouses and Self-Storage Units on this site.
- Average acquisition loan in Lessors of Miniwarehouses and Self-Storage Units: $1,454,898.
- 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
- Stoughton Storage LLC, Stoughton
- Northern Land Storage, Onalaska