Cobblestone Mill Wood Works
Cobblestone Mill Wood Works, located in Ball Ground, Georgia, operates in wood window and door manufacturing. The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,356,000, approved on November 17, 2023, through First Bank.
SBA 7(a) loan, change of ownership, approved Nov 17, 2023
$1,356,000 approvedLender: First Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,356,000
- SBA-guaranteed amount
- $1,017,000 (75% of the approval)
- Lender
- First Bank, Southern Pines, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 17, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $18,679 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 1, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 321911, Wood Window and Door Manufacturing
- Project location
- Cherokee County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Wood Window and Door Manufacturing: $1,968,225.
- 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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