W-L Enterprises, LLC
W-L Enterprises, LLC is a business in Overbrook, Oklahoma, classified under the SBA industry description All Other Miscellaneous Retailers (NAICS 459999). The company was financed with an SBA 7(a) loan for a change of ownership totaling $744,000, approved by lender Bank7 on May 24, 2024.
SBA 7(a) loan, change of ownership, approved May 24, 2024
$744,000 approvedLender: Bank720 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $744,000
- SBA-guaranteed amount
- $558,000 (75% of the approval)
- Lender
- Bank7, Oklahoma City, OK
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.5%, variable
- Term
- 20 years (240 months)
- Estimated maturity
- May 24, 2044 (estimated, approval date plus term)
- Estimated monthly payment
- $6,935 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 459999, All Other Miscellaneous Retailers
- Project location
- Carter County, OK
- SBA district office
- Oklahoma District Office
- Congressional district
- OK-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 29% of acquisition loans in All Other Miscellaneous Retailers on this site.
- Average acquisition loan in All Other Miscellaneous Retailers: $1,546,818.
- Average acquisition loan in Oklahoma: $1,861,759.
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 Oklahoma
- United Fireworks, LLC, Overbrook