Iacono Enterprises, LLC in Monroe, MI — $3.0M (2022) · purchase · Live Oak Banking Company

Program: Preferred Lenders Program
Rate at approval: 5.5% variable
Term: 168 mo (14 yrs)
SBA guaranteed: $2.3M (75%)
Approval → funding: 113 days
Approved: 11/15/2021
First disbursed: 3/8/2022
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Secondary market: Loan sold to investors
Jobs supported: 24
Business age: Change of Ownership
Industry: Other Industrial Machinery Manufacturing

If you were the buyer here

Est. deal size: $3.3M
Est. down payment (10%): $333K
Est. cash at closing: $460K
Monthly payment: $25,645
Annual debt service: $308K
Cash flow needed (1.25×): $385K

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 Live Oak Banking Company · Lender record →

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Iacono Enterprises, LLC in Monroe, MI — $500K (2022) · purchase · Live Oak Banking Company

Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Rate at approval: 5.5% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $250K (50%)
Approval → funding: 113 days
Approved: 11/15/2021
First disbursed: 3/8/2022
Loan status: Current
Loan type: Revolving line
Collateral: Required
Business type: Corporation
Jobs supported: 24
Business age: Change of Ownership
Industry: Other Industrial Machinery Manufacturing

If you were the buyer here

Est. deal size: $556K
Est. down payment (10%): $56K
Est. cash at closing: $74K
Monthly payment: $5,426
Annual debt service: $65K
Cash flow needed (1.25×): $81K

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 Live Oak Banking Company · Lender record →

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JT Borgen Manufacturing Inc in Minneapolis, MN — $1.8M (2021) · purchase · Old National Bank

Program: Preferred Lenders Program
Rate at approval: 5.75% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $1.6M (90%)
Approval → funding: 7 days
Approved: 9/7/2021
First disbursed: 9/14/2021
Loan status: Paid in full (11/30/2024)
Loan type: Term loan
Collateral: Required
Business type: Corporation
Secondary market: Loan sold to investors
Jobs supported: 10
Business age: Change of Ownership
Industry: Other Industrial Machinery Manufacturing

If you were the buyer here

Est. deal size: $2.0M
Est. down payment (10%): $201K
Est. cash at closing: $276K
Monthly payment: $19,813
Annual debt service: $238K
Cash flow needed (1.25×): $297K

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 Old National Bank · Lender record →

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Powell Electro Systems LLC in West Grove, PA — $1.7M (2021) · purchase · Truist Bank

Program: Preferred Lenders Program
Rate at approval: 5.25% fixed
Term: 120 mo (10 yrs)
SBA guaranteed: $1.6M (90%)
Approval → funding: 28 days
Approved: 8/27/2021
First disbursed: 9/24/2021
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported: 30
Business age: Change of Ownership
Industry: Other Industrial Machinery Manufacturing

If you were the buyer here

Est. deal size: $1.9M
Est. down payment (10%): $192K
Est. cash at closing: $264K
Monthly payment: $18,519
Annual debt service: $222K
Cash flow needed (1.25×): $278K

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 Truist Bank · Lender record →

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MJTEK LLC in Latrobe, PA — $999K (2021) · purchase · First Commonwealth Bank

Program: Preferred Lenders Program
Rate at approval: 5.75% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $899K (90%)
Approval → funding: 37 days
Approved: 9/8/2021
First disbursed: 10/15/2021
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Secondary market: Loan sold to investors
Jobs supported: 6
Business age: Change of Ownership
Industry: Other Industrial Machinery Manufacturing

If you were the buyer here

Est. deal size: $1.1M
Est. down payment (10%): $111K
Est. cash at closing: $152K
Monthly payment: $10,966
Annual debt service: $132K
Cash flow needed (1.25×): $164K

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 First Commonwealth Bank · Lender record →

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Hechimovich Custom Machining, Inc. in Hartford, WI — $990K (2021) · purchase · Bank Five Nine

Program: Preferred Lenders Program
Rate at approval: 4.5% fixed
Term: 120 mo (10 yrs)
SBA guaranteed: $891K (90%)
Approval → funding: 9 days
Approved: 9/21/2021
First disbursed: 9/30/2021
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Secondary market: Loan sold to investors
Jobs supported: 5
Business age: Change of Ownership
Industry: Other Industrial Machinery Manufacturing

If you were the buyer here

Est. deal size: $1.1M
Est. down payment (10%): $110K
Est. cash at closing: $151K
Monthly payment: $10,260
Annual debt service: $123K
Cash flow needed (1.25×): $154K

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 Bank Five Nine · Lender record →

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AAMLAK LLC in Kenilworth, NJ — $891K (2021) · purchase · Customers Bank

Program: Preferred Lenders Program
Rate at approval: 4.75% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $802K (90%)
Approval → funding: 6 days
Approved: 2/22/2021
First disbursed: 2/28/2021
Loan status: Paid in full (7/31/2023)
Loan type: Term loan
Collateral: Required
Business type: Corporation
Secondary market: Loan sold to investors
Jobs supported: 2
Business age: Change of Ownership
Industry: Other Industrial Machinery Manufacturing

If you were the buyer here

Est. deal size: $990K
Est. down payment (10%): $99K
Est. cash at closing: $136K
Monthly payment: $9,342
Annual debt service: $112K
Cash flow needed (1.25×): $140K

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 Customers Bank · Lender record →

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Fisher Tool 2, Inc. in Evansville, IN — $500K (2021) · purchase · German American Bank

Program: 7a General
Rate at approval: 3.98% fixed
Term: 120 mo (10 yrs)
SBA guaranteed: $450K (90%)
Approval → funding: 16 days
Approved: 7/15/2021
First disbursed: 7/31/2021
Loan status: Paid in full (6/30/2024)
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported: 12
Business age: Change of Ownership
Industry: Other Industrial Machinery Manufacturing

If you were the buyer here

Est. deal size: $556K
Est. down payment (10%): $56K
Est. cash at closing: $74K
Monthly payment: $5,058
Annual debt service: $61K
Cash flow needed (1.25×): $76K

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 German American Bank · Lender record →

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JT Borgen Manufacturing Inc in Minneapolis, MN — $250K (2021) · purchase · Old National Bank

Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Rate at approval: 5.75% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $188K (75%)
Approval → funding: 17 days
Approved: 9/7/2021
First disbursed: 9/24/2021
Loan status: Paid in full (9/30/2024)
Loan type: Revolving line
Collateral: Required
Business type: Corporation
Jobs supported: 10
Business age: Change of Ownership
Industry: Other Industrial Machinery Manufacturing

If you were the buyer here

Est. deal size: $278K
Est. down payment (10%): $28K
Est. cash at closing: $37K
Monthly payment: $2,744
Annual debt service: $33K
Cash flow needed (1.25×): $41K

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 Old National Bank · Lender record →

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Powell Electro Systems LLC in West Grove, PA — $150K (2021) · purchase · Truist Bank

Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Rate at approval: 5% variable
Term: 84 mo (7 yrs)
SBA guaranteed: $113K (75%)
Approval → funding: 28 days
Approved: 8/27/2021
First disbursed: 9/24/2021
Loan status: Paid in full (1/31/2024)
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported: 30
Business age: Change of Ownership
Industry: Other Industrial Machinery Manufacturing

If you were the buyer here

Est. deal size: $167K
Est. down payment (10%): $17K
Est. cash at closing: $21K
Monthly payment: $2,120
Annual debt service: $25K
Cash flow needed (1.25×): $32K

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 Truist Bank · Lender record →

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Finnco Fabricating LLC in Milwaukee, WI — $2.5M (2020) · purchase · BMO Bank National Association

Program: Preferred Lenders Program
Rate at approval: 3.85% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $1.9M (75%)
Approval → funding: 6 days
Approved: 9/24/2020
First disbursed: 9/30/2020
Loan status: Paid in full (10/31/2025)
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported: 15
Business age: Change of Ownership
Industry: Other Industrial Machinery Manufacturing

If you were the buyer here

Est. deal size: $2.8M
Est. down payment (10%): $281K
Est. cash at closing: $388K
Monthly payment: $25,435
Annual debt service: $305K
Cash flow needed (1.25×): $382K

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 BMO Bank National Association · Lender record →

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Dover Flexo Electronics, Inc. in Rochester, NH — $2.0M (2020) · purchase · Bar Harbor Bank & Trust

Program: 7a General
Rate at approval: 4.2% variable
Term: 60 mo (5 yrs)
SBA guaranteed: $1.5M (75%)
Approval → funding: 5 days
Approved: 9/25/2020
First disbursed: 9/30/2020
Loan status: Paid in full (2/28/2022)
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported: 31
Business age: Change of Ownership
Industry: Other Industrial Machinery Manufacturing

If you were the buyer here

Est. deal size: $2.2M
Est. down payment (10%): $219K
Est. cash at closing: $302K
Monthly payment: $36,551
Annual debt service: $439K
Cash flow needed (1.25×): $548K

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 Bar Harbor Bank & Trust

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Koral Precision, LLC in Pinellas Park, FL — $1.0M (2020) · purchase · Hancock Whitney Bank

Program: Preferred Lenders Program
Rate at approval: 5.25% fixed
Term: 120 mo (10 yrs)
SBA guaranteed: $769K (75%)
Approval → funding: 57 days
Approved: 8/4/2020
First disbursed: 9/30/2020
Loan status: Current
Loan type: Term loan
Collateral: Not required
Business type: Corporation
Jobs supported: 10
Business age: Change of Ownership
Industry: Other Industrial Machinery Manufacturing

If you were the buyer here

Est. deal size: $1.1M
Est. down payment (10%): $114K
Est. cash at closing: $156K
Monthly payment: $11,007
Annual debt service: $132K
Cash flow needed (1.25×): $165K

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 Hancock Whitney Bank · Lender record →

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AIM Holdings LLC in South Lyon, MI — $720K (2020) · purchase · ChoiceOne Bank

Program: Preferred Lenders Program
Rate at approval: 5.25% fixed
Term: 84 mo (7 yrs)
SBA guaranteed: $540K (75%)
Approval → funding: 64 days
Approved: 7/20/2020
First disbursed: 9/22/2020
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported: 15
Business age: Change of Ownership
Industry: Other Industrial Machinery Manufacturing

If you were the buyer here

Est. deal size: $800K
Est. down payment (10%): $80K
Est. cash at closing: $110K
Monthly payment: $10,261
Annual debt service: $123K
Cash flow needed (1.25×): $154K

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 ChoiceOne Bank · Lender record →

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AIM Holdings LLC in South Lyon, MI — $700K (2020) · purchase · ChoiceOne Bank

Program: Standard Asset Base Working Capital Line
Subprogram: Standard Asset Based
Rate at approval: 5.25% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $525K (75%)
Approval → funding: 65 days
Approved: 7/20/2020
First disbursed: 9/23/2020
Loan status: Current
Loan type: Revolving line
Collateral: Required
Business type: Corporation
Jobs supported: 15
Business age: Change of Ownership
Industry: Other Industrial Machinery Manufacturing

If you were the buyer here

Est. deal size: $778K
Est. down payment (10%): $78K
Est. cash at closing: $104K
Monthly payment: $7,510
Annual debt service: $90K
Cash flow needed (1.25×): $113K

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 ChoiceOne Bank · Lender record →

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Hi-Lite Machine Company in Sheboygan, WI — $554K (2020) · purchase · Oostburg State Bank

Program: 7a General
Rate at approval: 5.5% variable
Term: 181 months
SBA guaranteed: $415K (75%)
Approval → funding: 55 days
Approved: 12/4/2019
First disbursed: 1/28/2020
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported: 6
Business age: Change of Ownership
Industry: Other Industrial Machinery Manufacturing

If you were the buyer here

Est. deal size: $615K
Est. down payment (10%): $62K
Est. cash at closing: $82K
Monthly payment: $4,506
Annual debt service: $54K
Cash flow needed (1.25×): $68K

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 Oostburg State Bank · Lender record →

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Stevenson Custom Solutions LLC in Piedmont, SC — $271K (2020) · purchase · Truist Bank

Program: Preferred Lenders Program
Rate at approval: 6.24% fixed
Term: 300 mo (25 yrs)
SBA guaranteed: $203K (75%)
Approval → funding: 24 days
Approved: 1/7/2020
First disbursed: 1/31/2020
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported: 10
Business age: Change of Ownership
Industry: Other Industrial Machinery Manufacturing

If you were the buyer here

Est. deal size: $301K
Est. down payment (10%): $30K
Est. cash at closing: $40K
Monthly payment: $1,783
Annual debt service: $21K
Cash flow needed (1.25×): $27K

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 Truist Bank · Lender record →

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RPM Global Tooling, LLC in Clinton Township, MI — $107K (2020) · purchase · The Huntington National Bank

Program: Preferred Lenders Program
Rate at approval: 7.5% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $80K (75%)
Approval → funding: 38 days
Approved: 12/24/2019
First disbursed: 1/31/2020
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Secondary market: Loan sold to investors
Business age: Change of Ownership
Industry: Other Industrial Machinery Manufacturing

If you were the buyer here

Est. deal size: $119K
Est. down payment (10%): $12K
Est. cash at closing: $15K
Monthly payment: $1,268
Annual debt service: $15K
Cash flow needed (1.25×): $19K

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 The Huntington National Bank · Lender record →

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Financing a other industrial machinery manufacturing acquisition

Most active in other industrial machinery manufacturing

18+ funded other industrial machinery manufacturing deals

Agent summary

Deal economics— what it takes to buy & finance other industrial machinery manufacturing