Midwest Equipment NWA LLC
Midwest Equipment NWA LLC is a farm and garden machinery and equipment merchant wholesaler located in Green Forest, Arkansas. The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,125,100, provided by CS Bank with an approval date of June 14, 2024.
SBA 7(a) loan, change of ownership, approved Jun 14, 2024
$1,125,100 approvedLender: CS Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,125,100
- SBA-guaranteed amount
- $843,825 (75% of the approval)
- Lender
- CS Bank, Eureka Springs, AR
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- June 14, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $9,060 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 22, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- Corporation
- NAICS
- 423820, Farm and Garden Machinery and Equipment Merchant Wholesalers
- Project location
- Carroll County, AR
- SBA district office
- Arkansas District Office
- Congressional district
- AR-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Farm and Garden Machinery and Equipment Merchant Wholesalers: $1,297,320.
- Average acquisition loan in Arkansas: $2,003,702.
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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