BZB Realty LLC
BZB Realty LLC is located in Warrensville Heights, OH, and the SBA lists its industry as Machine Shops. It was approved for an SBA 7(a) loan of $1,125,000 for a change of ownership on April 18, 2024.
SBA 7(a) loan, change of ownership, approved Apr 18, 2024
- Gross approval
- $1,125,000
- SBA-guaranteed amount
- $843,750 (75% of the approval)
- Lender
- Northwest Bank, Warren, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.5%, variable
- Term
- 15 years (180 months)
- Estimated maturity
- April 18, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $13,142 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 332710, Machine Shops
- Project location
- Cuyahoga County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 22% of acquisition loans in Machine Shops on this site.
- Average acquisition loan in Machine Shops: $2,116,278.
- Average acquisition loan in Ohio: $1,840,340.
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 Ohio
- Jena Tool, Inc., Moraine
- 4200 Malsbary Road LLC, Cincinnati
- RRP Holdings, LLC, Springboro
- Dtp Machining, LLC, Springboro