Merrillville Awnings LLC
Merrillville Awnings LLC, located in Merrillville, Indiana, operates in ornamental and architectural metal work manufacturing (NAICS 332323). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,141,700, provided by Old Plank Trail Community Bank National Association with an approval date of December 10, 2025.
SBA 7(a) loan, change of ownership, approved Dec 10, 2025
$1,141,700 approvedLender: Old Plank Trail Community Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,141,700
- SBA-guaranteed amount
- $856,275 (75% of the approval)
- Lender
- Old Plank Trail Community Bank National Association, Mokena, IL
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- December 10, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $13,256 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 22, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 332323, Ornamental and Architectural Metal Work Manufacturing
- Project location
- Lake County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 18% of acquisition loans in Ornamental and Architectural Metal Work Manufacturing on this site.
- Average acquisition loan in Ornamental and Architectural Metal Work Manufacturing: $2,195,745.
- Average acquisition loan in Indiana: $1,995,900.
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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