Jollie New Enterprises LLC
Jollie New Enterprises LLC is a sporting and athletic goods manufacturer in Appleton, Wisconsin, classified under NAICS code 339920. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $726,000, with American National Bank-Fox Cities as the lender and an approval date of June 5, 2024.
SBA 7(a) loan, change of ownership, approved Jun 5, 2024
$726,000 approvedLender: American National Bank-Fox Cities10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $726,000
- SBA-guaranteed amount
- $544,500 (75% of the approval)
- Lender
- American National Bank-Fox Cities, Appleton, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 5, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,001 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 339920, Sporting and Athletic Goods Manufacturing
- Project location
- Outagamie County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Sporting and Athletic Goods Manufacturing: $1,355,200.
- Average acquisition loan in Wisconsin: $1,729,230.
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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Same industry in Wisconsin
- Jollie New Holdings LLC, Appleton