Main Street Registry

Sussex Group LLC

Greendale, WI · Full-Service Restaurants · NAICS 722511

Sussex Group LLC is a full-service restaurant business located in Greendale, Wisconsin, classified under NAICS code 722511. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $725,000, approved on September 5, 2024, through Old National Bank.

SBA 7(a) loan, change of ownership, approved Sep 5, 2024

$725,000 approvedLender: Old National Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$725,000
SBA-guaranteed amount
$543,750 (75% of the approval)
Lender
Old National Bank, Evansville, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
6.7%, fixed
Term
25 years (300 months)
Estimated maturity
September 5, 2049 (estimated, approval date plus term)
Estimated monthly payment
$4,986 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Milwaukee County, WI
SBA district office
Wisconsin District Office
Congressional district
WI-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 30% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • 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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