Lightwave Innovations, Inc.
Lightwave Innovations, Inc. is a metal coating, engraving, and allied services business in Nampa, Idaho, classified under NAICS code 332812. The company was financed with an SBA 7(a) loan for a change of ownership totaling $838,000, approved on November 21, 2023, by Idaho Central CU, with a term of 120 months and 2 jobs reported.
SBA 7(a) loan, change of ownership, approved Nov 21, 2023
$838,000 approvedLender: Idaho Central CU10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $838,000
- SBA-guaranteed amount
- $628,500 (75% of the approval)
- Lender
- Idaho Central CU, Chubbuck, ID
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 21, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $11,543 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 30, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 332812, Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers
- Project location
- Canyon County, ID
- SBA district office
- Boise District Office
- Congressional district
- ID-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers: $1,536,267.
- Average acquisition loan in Idaho: $1,527,113.
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 Idaho
- Griffin North Co., Ponderay