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Martin's Heavy Equipment Repair LLC, Austin Lugo,Courtney Lugo

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

Martin's Heavy Equipment Repair LLC is located in Peoria, Arizona, and operates in commercial and industrial machinery and equipment repair and maintenance (except automotive and electronic). The company was financed with an SBA 7(a) loan for a change of ownership of $1,403,000, approved on February 11, 2026, through Gulf Coast Bank and Trust Company.

SBA 7(a) loan, change of ownership, approved Feb 11, 2026

$1,403,000 approvedLender: Gulf Coast Bank and Trust Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,403,000
SBA-guaranteed amount
$1,052,250 (75% of the approval)
Lender
Gulf Coast Bank and Trust Company, New Orleans, LA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
February 11, 2036 (estimated, approval date plus term)
Estimated monthly payment
$18,154 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 23, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
811310, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
Project location
Maricopa County, AZ
SBA district office
Arizona District Office
Congressional district
AZ-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 55% 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 Arizona: $1,690,811.

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 Arizona