Main Street Registry

Topel's Towing and Repair Inc.

Lake Mills, WI · General Automotive Repair · NAICS 811111

Topel's Towing and Repair Inc. is a general automotive repair business in Lake Mills, Wisconsin, classified under NAICS 811111. The company financed real estate or equipment through an SBA 504 loan of $1,481,000, approved on October 25, 2023, with Badger Bank as the lending bank and WBD, Inc. as the certified development company.

SBA 504 loan, approved Oct 25, 2023

$1,481,000 SBA portionCDC: WBD, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,481,000
Bank portion
$1,808,100
Estimated project size
$3,654,556 (estimated)
Estimated owner equity
$365,456 (estimated, about 10% of the project)
Bank lender
Badger Bank, Fort Atkinson, WI
CDC
WBD, Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
October 25, 2048 (estimated, approval date plus term)
First disbursement
Jan 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Jefferson County, WI
SBA district office
Wisconsin District Office
Congressional district
WI-5
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 62% of expansion loans in General Automotive Repair on this site.
  • Average expansion loan in General Automotive Repair: $1,564,197.
  • 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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Same industry in Wisconsin