Wrico Signs, LLC
Wrico Signs, LLC is a business located in Mobile, Alabama, operating in commercial, industrial, and institutional electric lighting fixture manufacturing (NAICS 335132). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,000,000, approved on July 25, 2025 by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Jul 25, 2025
$1,000,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,000,000
- SBA-guaranteed amount
- $750,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.35%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 25, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $12,858 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 13, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 335132, Commercial, Industrial, and Institutional Electric Lighting Fixture Manufacturing
- Project location
- Mobile County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Commercial, Industrial, and Institutional Electric Lighting Fixture Manufacturing: $1,905,000.
- Average acquisition loan in Alabama: $1,764,717.
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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