Dehart Recycling Equipment
Dehart Recycling Equipment is located in Hazelwood, Missouri, and operates in commercial and industrial machinery and equipment repair and maintenance (except automotive and electronic). The business was financed with an SBA 7(a) loan for a change of ownership, with two loans totaling $2,500,000 approved by Peoples National Bank National Association on December 23, 2024.
SBA 7(a) loan, change of ownership, approved Dec 23, 2024
$2,000,000 approvedLender: Peoples National Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,000,000
- SBA-guaranteed amount
- $1,500,000 (75% of the approval)
- Lender
- Peoples National Bank National Association, Mcleansboro, IL
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 23, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $24,266 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 28, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 811310, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
- Project location
- Saint Louis County, MO
- SBA district office
- St. Louis District Office
- Congressional district
- MO-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 67% of acquisition loans in Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance on this site.
- Average acquisition loan in Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance: $1,576,060.
- Average acquisition loan in Missouri: $1,584,414.
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.
SBA 7(a) loan, change of ownership, approved Dec 23, 2024
$500,000 approvedLender: Peoples National Bank National Association10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- Peoples National Bank National Association, Mcleansboro, IL
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 23, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,066 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 423930, Recyclable Material Merchant Wholesalers
- Project location
- Saint Louis County, MO
- SBA district office
- St. Louis District Office
- Congressional district
- MO-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in Recyclable Material Merchant Wholesalers: $2,310,975.
- Average acquisition loan in Missouri: $1,584,414.
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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