Horizon Machine Works LLC
Horizon Machine Works LLC is a machine shop in Tempe, Arizona, classified under NAICS 332710 (Machine Shops). The company was financed with an SBA 7(a) loan for a change of ownership totaling $3,135,000, approved by St. Louis Bank on November 24, 2023.
SBA 7(a) loan, change of ownership, approved Nov 24, 2023
- Gross approval
- $3,135,000
- SBA-guaranteed amount
- $2,351,250 (75% of the approval)
- Lender
- St. Louis Bank, St. Louis, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- November 24, 2048 (estimated, approval date plus term)
- Estimated monthly payment
- $31,295 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 11, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 332710, Machine Shops
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 78% of acquisition loans in Machine Shops on this site.
- Average acquisition loan in Machine Shops: $2,116,278.
- Average acquisition loan in Arizona: $1,690,811.
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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Same industry in Arizona
- PlanitWorks, LLC, Tucson