4.926% 504 20 year term, December 2018
4.990% 504 25 year term, December 2018

 

James M. Erickson and Agnes T. Erickson

February 2015 | Niellsville, WI

 

James and Agnes Erickson own and operate an 800 cow dairy farm southeast of Neillsville, WI. The couple began farming at this location in 1993. The Erickson's have been consistently increasing cow and young stock numbers over the past 10 years. The Erickson's are currently milking their cows in a double parlor.

 

In August 2013, the Erickson's were looking to expand their herd size to 1,000 by 2015. With the help of an SBA 504 loan from WBD and financing through Forward Financial Bank, they were able to construct a 320 stall freestall barn, a new heifer facility, and a 3,500,000 gallon manure pit. This expansion will reduce stocking rates and increase young stock capacity. The herd growth is projected to come from within. Forward Financial will also be refinancing the borrowers existing mortgage loan.

 

Funded

February 2015

 

Owner(s)

James Erickson

 

Bank & Lender

Forward Financial Bank, Gary Schraufnagel

 

Financing

Purchase of real estate and construction

 

Public Policy Goals/Local Development Goals

Aiding rural development (pop. of Niellsville is 2,423)

 

Project Amount

$3,535,543

 

WBD Contact

Kyle Kuntz

 

Kyle's Personal Page

 

Email Kyle

P: (715) 575-5805

James and Agnes Erickson own and operate an 800 cow dairy farm southeast of Neillsville, WI. The couple began farming at this location in 1993. The Erickson's have been consistently increasing cow and young stock numbers over the past 10 years. The Erickson's are currently milking their cows in a double parlor.

 

In August 2013, the Erickson's were looking to expand their herd size to 1,000 by 2015. With the help of an SBA 504 loan from WBD and financing through Forward Financial Bank, they were able to construct a 320 stall freestall barn, a new heifer facility, and a 3,500,000 gallon manure pit. This expansion will reduce stocking rates and increase young stock capacity. The herd growth is projected to come from within. Forward Financial will also be refinancing the borrowers existing mortgage loan.