Lender intelligence
Financing a machine shops acquisition in New Jersey
The SBA 7(a) lenders funding the most machine shops acquisitions in New Jersey, from public loan records. A lender doing your industry in your state every week underwrites faster and prices sharper.
Most active in machine shops · New Jersey
Ranked by funded machine shops acquisitions in New Jersey. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.24 loans · $17M · Wayne, PAFull record →
- 2.3,264 loans · $846M · Miami, FLFull record →
3+ funded Machine Shops in New Jersey 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.
- Astro Precision Tool & Machine LLC in Rahway, NJ — $3.7M (2024) · purchase · Meridian Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 10.5% variable
- Term
- 283 months
- SBA guaranteed
- $2.7M (75%)
- Approval → funding
- 69 days
- Approved
- 12/16/2023
- First disbursed
- 2/23/2024
- Loan status
- In workout — SBA bought the guarantee
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 21
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $4.1M
- Est. down payment (10%)
- $407K
- Est. cash at closing
- $562K
- Monthly payment
- $34,999
- Annual debt service
- $420K
- Cash flow needed (1.25×)
- $525K
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 Meridian Bank · Lender record →
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- Astro Precision Tool & Machine LLC in Rahway, NJ — $400K (2024) · purchase · Meridian Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 11.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $200K (50%)
- Approval → funding
- 104 days
- Approved
- 12/19/2023
- First disbursed
- 4/1/2024
- Loan status
- Delinquent
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 21
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $444K
- Est. down payment (10%)
- $44K
- Est. cash at closing
- $59K
- Monthly payment
- $5,567
- Annual debt service
- $67K
- Cash flow needed (1.25×)
- $84K
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 Meridian Bank · Lender record →
Your business? Claim this record · Request removal
- AKERSTROM TOOL & MACHINE LLC in Rosemont, NJ — $125K (2023) · purchase · Newtek Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 11.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $106K (85%)
- Approval → funding
- 15 days
- Approved
- 9/20/2023
- First disbursed
- 10/5/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 2
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $139K
- Est. down payment (10%)
- $14K
- Est. cash at closing
- $18K
- Monthly payment
- $1,757
- Annual debt service
- $21K
- Cash flow needed (1.25×)
- $26K
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 Newtek Bank, National Association · Lender record →
Your business? Claim this record · Request removal
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to machine shops businesses with a New Jersey project address.
Agent summary
How to finance a machine shops acquisition in New Jersey with an SBA 7(a) loan: the lenders that fund the most of them here (from public records), with the real funded New Jersey deals. Meridian Bank funds the most here. DealRoom is not a lender.
- $1.1M typical loan
- 2 lenders active in New Jersey
- 3+ funded New Jersey deals
- 69 days typical to fund
Buyers buying a machine shops in New Jersey typically pre-qualify, then ask DealRoom to introduce a lender active here — free for buyers; agents submit a consented lead via the DealRoom MCP.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.