Johnson Welding and Manufacturing Inc
Johnson Welding and Manufacturing Inc is located in Springfield, MO, and the SBA lists its industry as Ornamental and Architectural Metal Work Manufacturing. It was approved for an SBA 7(a) loan of $761,800 for a change of ownership on March 22, 2024.
SBA 7(a) loan, change of ownership, approved Mar 22, 2024
- Gross approval
- $761,800
- SBA-guaranteed amount
- $571,350 (75% of the approval)
- Lender
- OMB Bank, Springfield, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 22, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,602 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 332323, Ornamental and Architectural Metal Work Manufacturing
- Project location
- Greene County, MO
- SBA district office
- Kansas City District Office
- Congressional district
- MO-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 9% of acquisition loans in Ornamental and Architectural Metal Work Manufacturing on this site.
- Average acquisition loan in Ornamental and Architectural Metal Work Manufacturing: $2,195,745.
- Average acquisition loan in Missouri: $1,584,414.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Missouri
- Amfab417, LLC, Springfield