HELI-ARC Manufacturing Corp.
HELI-ARC Manufacturing Corp. is a business in Owasso, Oklahoma, in the electroplating, plating, polishing, anodizing, and coloring industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1.18 million, approved on October 30, 2023, through Customers Bank.
SBA 7(a) loan, change of ownership, approved Oct 30, 2023
$1,180,000 approvedLender: Customers Bank16 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,180,000
- SBA-guaranteed amount
- $885,000 (75% of the approval)
- Lender
- Customers Bank, Malvern, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, fixed
- Term
- 16 years (192 months)
- Estimated maturity
- October 30, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $12,159 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 7, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 332813, Electroplating, Plating, Polishing, Anodizing, and Coloring
- Project location
- Tulsa County, OK
- SBA district office
- Oklahoma District Office
- Congressional district
- OK-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 38% of acquisition loans in Electroplating, Plating, Polishing, Anodizing, and Coloring on this site.
- Average acquisition loan in Electroplating, Plating, Polishing, Anodizing, and Coloring: $1,880,038.
- Average acquisition loan in Oklahoma: $1,861,759.
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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