Wolf Business Services LLC
Wolf Business Services LLC is a building equipment contractor in Bohemia, New York, classified under NAICS 238290 (Other Building Equipment Contractors). The company was financed with an SBA 7(a) loan for a change of ownership of $2.5 million, approved on November 20, 2024 by Truliant FCU, and the loan reported 13 jobs.
SBA 7(a) loan, change of ownership, approved Nov 20, 2024
$2,500,000 approvedLender: Truliant FCU10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,500,000
- SBA-guaranteed amount
- $1,875,000 (75% of the approval)
- Lender
- Truliant FCU, Winston-Salem, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 20, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $33,734 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 5, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 238290, Other Building Equipment Contractors
- Project location
- Suffolk County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 70% of acquisition loans in Other Building Equipment Contractors on this site.
- Average acquisition loan in Other Building Equipment Contractors: $1,823,087.
- Average acquisition loan in New York: $1,771,512.
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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