Hallett Building Supply Inc.
Hallett Building Supply Inc. is a business in Indianapolis, Indiana, classified under other foundation, structure, and building exterior contractors (NAICS 238190). It was financed with an SBA 7(a) loan for a change of ownership of $2.1 million, approved by The Huntington National Bank on May 21, 2026.
SBA 7(a) loan, change of ownership, approved May 21, 2026
$2,114,600 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,114,600
- SBA-guaranteed amount
- $1,585,950 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.75%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- May 21, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $25,377 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 10, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 238190, Other Foundation, Structure, and Building Exterior Contractors
- Project location
- Marion County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 70% of acquisition loans in Other Foundation, Structure, and Building Exterior Contractors on this site.
- Average acquisition loan in Other Foundation, Structure, and Building Exterior Contractors: $1,808,077.
- Average acquisition loan in Indiana: $1,995,900.
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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