Metalcraft Manufacturing
Metalcraft Manufacturing, located in Arden, NC, operates in the machine shops industry (NAICS 332710). The company was financed with an SBA 7(a) loan for a change of ownership totaling $2.87 million, with United FCU as the lender and an approval date of September 3, 2026.
SBA 7(a) loan, change of ownership, approved Sep 3, 2026
$2,870,000 approvedLender: United FCU25 years termCommitted, not fully disbursedLoan details
- Gross approval
- $2,870,000
- SBA-guaranteed amount
- $2,152,500 (75% of the approval)
- Lender
- United FCU, Saint Joseph, MI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 3, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $23,110 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 332710, Machine Shops
- Project location
- Buncombe County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 74% of acquisition loans in Machine Shops on this site.
- Average acquisition loan in Machine Shops: $2,116,278.
- Average acquisition loan in North Carolina: $1,952,444.
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 North Carolina
- Hadur Manufacturing, LLC, Sanford
- Wolf Industries LLC, Thomasville
- Franklin Machine Enterprise LLC, Franklin