Wealth Ridge Planning LLC
Wealth Ridge Planning LLC is a portfolio management and investment advice business located in Black River Falls, Wisconsin. The company was financed with an SBA 7(a) loan for a change of ownership totaling $765,000, approved on December 23, 2023 by CCFBank National Association.
SBA 7(a) loan, change of ownership, approved Dec 23, 2023
$765,000 approvedLender: CCFBank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $765,000
- SBA-guaranteed amount
- $573,750 (75% of the approval)
- Lender
- CCFBank National Association, Altoona, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 23, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $10,430 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 10, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 523940, Portfolio Management and Investment Advice
- Project location
- Jackson County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 29% of acquisition loans in Portfolio Management and Investment Advice on this site.
- Average acquisition loan in Portfolio Management and Investment Advice: $1,481,771.
- 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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