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Joy Equipment Protection Inc

Carpinteria, CA · Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance · NAICS 811310

Joy Equipment Protection Inc, located in Carpinteria, CA, operates in commercial and industrial machinery and equipment repair and maintenance, excluding automotive and electronic equipment. The company was financed with an SBA 7(a) loan for a change of ownership of $2.5 million, approved on July 13, 2026, through lender VelocitySBA, LLC.

SBA 7(a) loan, change of ownership, approved Jul 13, 2026

$2,495,000 approvedLender: VelocitySBA, LLC10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,495,000
SBA-guaranteed amount
$1,871,250 (75% of the approval)
Lender
VelocitySBA, LLC, Irving, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
July 13, 2036 (estimated, approval date plus term)
Estimated monthly payment
$32,285 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 17, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
13
Business type
Corporation
NAICS
811310, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
Project location
Santa Barbara County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-24
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 79% of acquisition loans in Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance on this site.
  • Average acquisition loan in Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance: $1,576,060.
  • Average acquisition loan in California: $1,688,228.

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 California