Northwestern Stone, LLC
Northwestern Stone, LLC is located in Middleton, WI, and the SBA lists its industry as Other Crushed and Broken Stone Mining and Quarrying. It was approved for an SBA 504 loan ($4,698,000 SBA portion) on August 12, 2024 to finance real estate or equipment.
SBA 504 loan, approved Aug 12, 2024
- SBA (CDC) portion
- $4,698,000
- Bank portion
- $6,565,000
- Estimated project size
- $12,514,444 (estimated)
- Estimated owner equity
- $1,251,444 (estimated, about 10% of the project)
- Bank lender
- Old National Bank, Evansville, IN
- CDC
- WBD, Inc.
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- August 12, 2049 (estimated, approval date plus term)
- First disbursement
- Jan 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 30
- Business type
- Corporation
- NAICS
- 212319, Other Crushed and Broken Stone Mining and Quarrying
- Project location
- Dane County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-2
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Average expansion loan in Other Crushed and Broken Stone Mining and Quarrying: $4,698,000.
- 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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