Lambâs Machine Works, Inc.
Lamb's Machine Works, Inc. is a business located in Memphis, Tennessee, in the commercial and industrial machinery and equipment repair and maintenance industry, excluding automotive and electronic equipment. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $2.25 million, approved by United Community Bank on September 29, 2025.
SBA 7(a) loan, change of ownership, approved Sep 29, 2025
$2,250,000 approvedLender: United Community Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,250,000
- SBA-guaranteed amount
- $1,687,500 (75% of the approval)
- Lender
- United Community Bank, Greenville, SC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 29, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $27,897 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 16, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- Corporation
- NAICS
- 811310, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
- Project location
- Shelby County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 69% 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 Tennessee: $1,738,925.
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.