Anaconda Industrial Products Inc.
Anaconda Industrial Products Inc. is a business in Suffield, CT, in the metal service centers and other metal merchant wholesalers industry (NAICS 423510). The company was financed with an SBA 7(a) loan for a change of ownership of $735,000, approved on January 14, 2026 by Beacon Bank and Trust.
SBA 7(a) loan, change of ownership, approved Jan 14, 2026
$735,000 approvedLender: Beacon Bank and Trust121 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $735,000
- SBA-guaranteed amount
- $551,250 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years, 1 month (121 months)
- Estimated maturity
- February 14, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $9,164 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 12, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 423510, Metal Service Centers and Other Metal Merchant Wholesalers
- Project location
- Capitol County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Metal Service Centers and Other Metal Merchant Wholesalers: $2,208,550.
- Average acquisition loan in Connecticut: $1,992,959.
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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