Cw Companies, LLC
CW Companies, LLC, located in Traverse City, Michigan, operates in the All Other Consumer Goods Rental industry (NAICS 532299). The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,866,900, approved on July 15, 2024, through Old National Bank. The loan is reported with 8 jobs.
SBA 7(a) loan, change of ownership, approved Jul 15, 2024
$1,866,900 approvedLender: Old National Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,866,900
- SBA-guaranteed amount
- $1,400,175 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- July 15, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $14,720 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 24, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 532299, All Other Consumer Goods Rental
- Project location
- Grand Traverse County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 71% of acquisition loans in All Other Consumer Goods Rental on this site.
- Average acquisition loan in All Other Consumer Goods Rental: $1,481,047.
- Average acquisition loan in Michigan: $1,645,728.
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.