Advantage Construction Equipment & Parts, Inc.
Advantage Construction Equipment & Parts, Inc. is a business located in Henryville, IN, in the Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers industry. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $4,282,000, from Old National Bank, with approval dated March 25, 2026.
SBA 7(a) loan, change of ownership, approved Mar 25, 2026
$4,282,000 approvedLender: Old National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,282,000
- SBA-guaranteed amount
- $3,211,500 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- March 25, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $50,828 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 31, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 18
- Business type
- Corporation
- NAICS
- 423810, Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers
- Project location
- Clark County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers: $3,396,650.
- Average acquisition loan in Indiana: $1,995,900.
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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Same industry in Indiana
- D. Martin Enterprises, Inc, Michigan City