Financing a industrial truck, tractor, trailer, and stacker machinery ma acquisition in Minnesota

1+ funded Industrial Truck, Tractor, Trailer, and Stacker Machinery Ma in Minnesota deals

Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.

• Vidarus Manufacturing, Inc. in Elk River, MN — $1.6M (2023) · purchase · American National Bank

  Program

  Preferred Lenders Program

  Rate at approval

  8.5% variable

  Term

  283 months

  SBA guaranteed

  $1.2M (75%)

  Approval → funding

  9 days

  Approved

  9/20/2023

  First disbursed

  9/29/2023

  Loan status

  In workout — SBA bought the guarantee

  Loan type

  Term loan

  Collateral

  Required

  Business type

  Corporation

  Jobs supported

  9

  Business age

  Change of Ownership

  Industry

  Industrial Truck, Tractor, Trailer, and Stacker Machinery Ma

  If you were the buyer here

  Est. deal size

  $1.8M

  Est. down payment (10%)

  $176K

  Est. cash at closing

  $242K

  Monthly payment

  $12,981

  Annual debt service

  $156K

  Cash flow needed (1.25×)

  $195K

  Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.

  Funded by American National Bank

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