Bow Wow Concrete LLC
Bow Wow Concrete LLC is located in Mitchell, SD, and the SBA lists its industry as Poured Concrete Foundation and Structure Contractors. It was approved for an SBA 7(a) loan of $2,210,000 for a change of ownership on May 6, 2024.
SBA 7(a) loan, change of ownership, approved May 6, 2024
- Gross approval
- $2,210,000
- SBA-guaranteed amount
- $1,657,500 (75% of the approval)
- Lender
- The First National Bank in Sioux Falls, Sioux Falls, SD
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.25%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- May 6, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $27,106 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 20, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 238110, Poured Concrete Foundation and Structure Contractors
- Project location
- Davison County, SD
- SBA district office
- South Dakota District Office
- Congressional district
- SD-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 74% of acquisition loans in Poured Concrete Foundation and Structure Contractors on this site.
- Average acquisition loan in Poured Concrete Foundation and Structure Contractors: $1,469,074.
- Average acquisition loan in South Dakota: $1,631,547.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in South Dakota
- J&S Concrete Construction, Inc., Sioux Falls