Williamsville Resources II Inc
Williamsville Resources II Inc, located in Spring, Texas, is an industrial building construction business (NAICS 236210). It was financed with an SBA 7(a) loan for a change of ownership of $974,800, approved on March 8, 2024 by lender TowneBank.
SBA 7(a) loan, change of ownership, approved Mar 8, 2024
$974,800 approvedLender: TowneBank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $974,800
- SBA-guaranteed amount
- $731,100 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 8, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,428 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 22, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 236210, Industrial Building Construction
- Project location
- Harris County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Industrial Building Construction: $1,659,200.
- 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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