A & A Equipment and Supply Co.
A & A Equipment and Supply Co. is a industrial machinery and equipment merchant wholesaler located in Bensenville, Illinois. The company was financed with an SBA 7(a) loan for a change of ownership, approved on November 12, 2024, in the amount of $550,000 through CenTrust Bank, A Division of SmartBiz Bank National Association.
SBA 7(a) loan, change of ownership, approved Nov 12, 2024
$550,000 approvedLender: CenTrust Bank, A Division of SmartBiz Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $550,000
- SBA-guaranteed amount
- $412,500 (75% of the approval)
- Lender
- CenTrust Bank, A Division of SmartBiz Bank National Association, Northbrook, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 12, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,576 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 10, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 423830, Industrial Machinery and Equipment Merchant Wholesalers
- Project location
- Dupage County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 3% of acquisition loans in Industrial Machinery and Equipment Merchant Wholesalers on this site.
- Average acquisition loan in Industrial Machinery and Equipment Merchant Wholesalers: $2,384,497.
- Average acquisition loan in Illinois: $1,796,780.
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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