Foley Holdings, LLC
Foley Holdings, LLC is located in Wausau, Wisconsin, and is classified under NAICS 331210 for iron and steel pipe and tube manufacturing from purchased steel. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $772,500, approved by American National Bank-Fox Cities on August 7, 2024.
SBA 7(a) loan, change of ownership, approved Aug 7, 2024
$772,500 approvedLender: American National Bank-Fox Cities10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $772,500
- SBA-guaranteed amount
- $579,375 (75% of the approval)
- Lender
- American National Bank-Fox Cities, Appleton, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 7, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,578 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 331210, Iron and Steel Pipe and Tube Manufacturing from Purchased Steel
- Project location
- Marathon County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Iron and Steel Pipe and Tube Manufacturing from Purchased Steel: $1,828,125.
- 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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