Filtershine Midwest
Filtershine Midwest is a business located in West Milton, Ohio, in the commercial and industrial machinery and equipment repair and maintenance industry (NAICS 811310, excluding automotive and electronic equipment). The company was financed with an SBA 7(a) loan for a change of ownership totaling $2,427,000, with a 12-year term, from The Bancorp Bank National Association, and the loan was approved on August 11, 2026.
SBA 7(a) loan, change of ownership, approved Aug 11, 2026
$2,427,000 approvedLender: The Bancorp Bank National Association12 years termCommitted, not fully disbursedLoan details
- Gross approval
- $2,427,000
- SBA-guaranteed amount
- $1,820,250 (75% of the approval)
- Lender
- The Bancorp Bank National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.75%, variable
- Term
- 12 years (144 months)
- Estimated maturity
- August 11, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $25,940 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 40
- Business type
- Corporation
- NAICS
- 811310, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
- Project location
- Miami County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 74% 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 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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