Wadley Crushed Stone Company, LLC
Wadley Crushed Stone Company, LLC is a dimension stone mining and quarrying business in Wadley, Alabama. The company financed real estate or equipment through an SBA 504 loan of $1,242,000 (the SBA portion), approved on January 6, 2025, with Bryant Bank as the lender and Southern Development Council as the CDC.
SBA 504 loan, approved Jan 6, 2025
$1,242,000 SBA portionCDC: Southern Development Council10 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,242,000
- Bank portion
- $4,221,576
- Estimated project size
- $6,070,640 (estimated)
- Estimated owner equity
- $607,064 (estimated, about 10% of the project)
- Bank lender
- Bryant Bank, Tuscaloosa, AL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 10 years (120 months)
- Estimated maturity
- January 6, 2035 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Business type
- LLC or partnership
- NAICS
- 212311, Dimension Stone Mining and Quarrying
- Project location
- Randolph County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-3
- Collateral
- Yes
Estimated share of project by source
Bank 70% SBA (CDC) 20% Owner 10%
- Average expansion loan in Dimension Stone Mining and Quarrying: $1,238,500.
- Average expansion loan in Alabama: $2,182,891.
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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