Becko Machine Works Fs, LLC
Becko Machine Works Fs, LLC is a machine shop located in Fort Smith, Arkansas, in the machine shops industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1.62 million, approved on October 23, 2023 by Armstrong Bank.
SBA 7(a) loan, change of ownership, approved Oct 23, 2023
$1,620,000 approvedLender: Armstrong Bank20 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,620,000
- SBA-guaranteed amount
- $1,215,000 (75% of the approval)
- Lender
- Armstrong Bank, Muskogee, OK
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.5%, fixed
- Term
- 20 years (240 months)
- Estimated maturity
- October 23, 2043 (estimated, approval date plus term)
- Estimated monthly payment
- $15,101 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 9, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 332710, Machine Shops
- Project location
- Sebastian County, AR
- SBA district office
- Arkansas District Office
- Congressional district
- AR-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 40% of acquisition loans in Machine Shops on this site.
- Average acquisition loan in Machine Shops: $2,116,278.
- Average acquisition loan in Arkansas: $2,003,702.
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 Arkansas
- Wright Steel LLC, Harrison
- Alexander's Machine Shop, Inc., Jonesboro