Williams Forestry & Associates, LLC
Williams Forestry & Associates, LLC is a business located in Ringgold, Georgia, in the support activities for forestry industry. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $3,410,000, approved on October 29, 2024 by Wells Fargo Bank National Association.
SBA 7(a) loan, change of ownership, approved Oct 29, 2024
$3,410,000 approvedLender: Wells Fargo Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,410,000
- SBA-guaranteed amount
- $2,557,500 (75% of the approval)
- Lender
- Wells Fargo Bank National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.38%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- October 29, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $40,264 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 108
- Business type
- Corporation
- NAICS
- 115310, Support Activities for Forestry
- Project location
- Catoosa County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-14
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Support Activities for Forestry: $2,114,100.
- Average acquisition loan in Georgia: $2,017,638.
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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