WOW International, Inc.
WOW International, Inc. is a motorcycle, ATV, and other motor vehicle dealer located in Marietta, Georgia. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $4.4 million, approved on January 30, 2024 by Wallis Bank.
SBA 7(a) loan, change of ownership, approved Jan 30, 2024
$4,400,000 approvedLender: Wallis Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,400,000
- SBA-guaranteed amount
- $3,960,000 (90% of the approval)
- Lender
- Wallis Bank, Wallis, TX
- Processing method
- International Trade Loan: for businesses that export or are preparing to
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 30, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $59,371 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 20, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 42
- Business type
- Corporation
- NAICS
- 441227, Motorcycle, ATV, and All Other Motor Vehicle Dealers
- Project location
- Cobb County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 87% of acquisition loans in Motorcycle, ATV, and All Other Motor Vehicle Dealers on this site.
- Average acquisition loan in Motorcycle, ATV, and All Other Motor Vehicle Dealers: $2,557,093.
- Average acquisition loan in Georgia: $2,017,638.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Georgia
- KRCS Holdings, LLC, Cartersville
- Botero & Rapp Investments LLC, Cumming
- Evansville Powersports, LLC, Acworth