Hewx Partners LLC
Hewx Partners LLC, located in Seaford, NY, operates in the Other Building Equipment Contractors industry (NAICS 238290). The company was financed with an SBA 7(a) loan for a change of ownership of $1.9 million, approved on January 13, 2024 by The Huntington National Bank, with 4 jobs reported.
SBA 7(a) loan, change of ownership, approved Jan 13, 2024
$1,903,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,903,000
- SBA-guaranteed amount
- $1,427,250 (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
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 13, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $25,412 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 238290, Other Building Equipment Contractors
- Project location
- Nassau County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 57% of acquisition loans in Other Building Equipment Contractors on this site.
- Average acquisition loan in Other Building Equipment Contractors: $1,823,087.
- Average acquisition loan in New York: $1,771,512.
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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