Mancino Manufacturing and Mancino Mats
Mancino Manufacturing and Mancino Mats, located in Lansdale, PA, operates in mattress manufacturing (NAICS 337910). The company was financed with an SBA 7(a) loan for a change of ownership of $5 million, provided by First Internet Bank of Indiana and approved on April 21, 2025.
SBA 7(a) loan, change of ownership, approved Apr 21, 2025
$5,000,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 21, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $66,770 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 22, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 40
- Business type
- Corporation
- NAICS
- 337910, Mattress Manufacturing
- Project location
- Montgomery County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Mattress Manufacturing: $3,222,500.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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