Main Street Registry

Air-Oil Systems, Inc.

Souderton, PA · Industrial Machinery and Equipment Merchant Wholesalers · NAICS 423830

Air-Oil Systems, Inc. is located in Souderton, Pennsylvania, and operates in the industrial machinery and equipment merchant wholesalers industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $2,000,000, approved on December 22, 2023 by Univest Bank and Trust Co.

SBA 7(a) loan, change of ownership, approved Dec 22, 2023

$2,000,000 approvedLender: Univest Bank and Trust Co10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,000,000
SBA-guaranteed amount
$1,500,000 (75% of the approval)
Lender
Univest Bank and Trust Co, Souderton, PA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.5%, fixed
Term
10 years (120 months)
Estimated maturity
December 22, 2033 (estimated, approval date plus term)
Estimated monthly payment
$23,740 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 5, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
423830, Industrial Machinery and Equipment Merchant Wholesalers
Project location
Montgomery County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 45% 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 Pennsylvania: $1,636,965.

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 Pennsylvania