Ace of the South and Woods Trading Company Gardendale
Ace of the South and Woods Trading Company Gardendale is a hardware retailer in Gardendale, Alabama, classified under NAICS 444140 (Hardware Retailers). The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,027,000, approved on December 13, 2023 by Oakworth Capital Bank with Florida Business Development Corporation as the certified development company.
SBA 504 loan, approved Dec 13, 2023
$2,027,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,027,000
- Bank portion
- $2,475,000
- Estimated project size
- $5,002,222 (estimated)
- Estimated owner equity
- $500,222 (estimated, about 10% of the project)
- Bank lender
- Oakworth Capital Bank, Birmingham, AL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 13, 2048 (estimated, approval date plus term)
- First disbursement
- Oct 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 444140, Hardware Retailers
- Project location
- Jefferson County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-6
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 60% of expansion loans in Hardware Retailers on this site.
- Average expansion loan in Hardware Retailers: $2,383,133.
- Average expansion loan in Alabama: $2,182,891.
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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