Wilson Legacy Company Inc.
Wilson Legacy Company Inc. is located in Spicer, MN, and the SBA lists its industry as Boat Dealers. It was approved for an SBA 7(a) loan of $2,350,000 for a change of ownership on September 29, 2026.
SBA 7(a) loan, change of ownership, approved Sep 29, 2026
- Gross approval
- $2,350,000
- SBA-guaranteed amount
- $1,762,500 (75% of the approval)
- Lender
- CCFBank National Association, Altoona, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 24 years, 6 months (294 months)
- Estimated maturity
- March 29, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $19,431 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 441222, Boat Dealers
- Project location
- Kandiyohi County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Boat Dealers: $2,424,571.
- Average acquisition loan in Minnesota: $1,482,119.
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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