Curran Mill Macinery LLC
Curran Mill Macinery LLC is located in Central City, KY, and the SBA lists its industry as Sawmill, Woodworking, and Paper Machinery Manufacturing. It was approved for an SBA 7(a) loan of $3,170,000 for a change of ownership on January 19, 2024.
SBA 7(a) loan, change of ownership, approved Jan 19, 2024
- Gross approval
- $3,170,000
- SBA-guaranteed amount
- $2,377,500 (75% of the approval)
- Lender
- U.S. Bank, National Association, Cincinnati, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.96%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 19, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $40,088 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 40
- Business type
- Corporation
- NAICS
- 333243, Sawmill, Woodworking, and Paper Machinery Manufacturing
- Project location
- Muhlenberg County, KY
- SBA district office
- Kentucky District Office
- Congressional district
- KY-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Sawmill, Woodworking, and Paper Machinery Manufacturing: $1,835,000.
- Average acquisition loan in Kentucky: $1,988,993.
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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