Elk County Machining, LLC
Elk County Machining, LLC, located in Saint Marys, Pennsylvania, operates in the machine shops industry (NAICS 332710). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,565,000, with Beacon Bank and Trust as the lender and an approval date of June 16, 2026.
SBA 7(a) loan, change of ownership, approved Jun 16, 2026
- Gross approval
- $1,565,000
- SBA-guaranteed amount
- $1,408,500 (90% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- International Trade Loan: for businesses that export or are preparing to
- Initial interest rate
- 8.75%, variable
- Term
- 15 years (180 months)
- Estimated maturity
- June 16, 2041 (estimated, approval date plus term)
- Estimated monthly payment
- $15,641 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 30, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 332710, Machine Shops
- Project location
- Elk County, PA
- SBA district office
- Pittsburgh District Office
- Congressional district
- PA-15
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 36% of acquisition loans in Machine Shops on this site.
- Average acquisition loan in Machine Shops: $2,116,278.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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