Neo-Brake Systems, Inc
Neo-Brake Systems, Inc is located in Oak Creek, WI, and the SBA lists its industry as Motor Vehicle Brake System Manufacturing. It was approved for an SBA 504 loan ($3,609,000 SBA portion) on February 27, 2025 to finance real estate or equipment.
SBA 504 loan, approved Feb 27, 2025
- SBA (CDC) portion
- $3,609,000
- Bank portion
- $4,412,500
- Estimated project size
- $8,912,778 (estimated)
- Estimated owner equity
- $891,278 (estimated, about 10% of the project)
- Bank lender
- Spring Bank, Brookfield, WI
- CDC
- WBD, Inc.
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 27, 2050 (estimated, approval date plus term)
- First disbursement
- Apr 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 336340, Motor Vehicle Brake System Manufacturing
- Project location
- Milwaukee County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-1
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Motor Vehicle Brake System Manufacturing: $3,609,000.
- 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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