Water Street Staffing, LLC
Water Street Staffing, LLC is a business in Austin, Texas, in the employment placement agencies industry (NAICS 561311). The company was financed with an SBA 7(a) loan for a change of ownership of $1.754 million, approved on August 26, 2024 by Broadway National Bank.
SBA 7(a) loan, change of ownership, approved Aug 26, 2024
$1,754,000 approvedLender: Broadway National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,754,000
- SBA-guaranteed amount
- $1,315,500 (75% of the approval)
- Lender
- Broadway National Bank, San Antonio, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 26, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $21,281 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 10, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 100
- Business type
- Corporation
- NAICS
- 561311, Employment Placement Agencies
- Project location
- Travis County, TX
- SBA district office
- San Antonio District Office
- Congressional district
- TX-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 54% of acquisition loans in Employment Placement Agencies on this site.
- Average acquisition loan in Employment Placement Agencies: $2,146,432.
- Average acquisition loan in Texas: $1,944,682.
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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