Kent Automation Systems LLC
Kent Automation Systems LLC is located in Kent, OH, and the SBA lists its industry as All Other Miscellaneous Electrical Equipment and Component Manufacturing. It was approved for an SBA 7(a) loan of $4,152,000 for a change of ownership on March 12, 2025.
SBA 7(a) loan, change of ownership, approved Mar 12, 2025
- Gross approval
- $4,152,000
- SBA-guaranteed amount
- $3,114,000 (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
- 7.99%, fixed
- Term
- 13 years (156 months)
- Estimated maturity
- March 12, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $42,870 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 335999, All Other Miscellaneous Electrical Equipment and Component Manufacturing
- Project location
- Portage County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in All Other Miscellaneous Electrical Equipment and Component Manufacturing: $2,021,212.
- Average acquisition loan in Ohio: $1,840,340.
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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