MKM Importers, LLC
MKM Importers, LLC is located in Newington, Connecticut, and operates in the industrial machinery and equipment merchant wholesalers industry. The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $4 million approved by Grasshopper Bank National Association on April 7, 2025.
SBA 7(a) loan, change of ownership, approved Apr 7, 2025
$4,000,000 approvedLender: Grasshopper Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,000,000
- SBA-guaranteed amount
- $3,000,000 (75% of the approval)
- Lender
- Grasshopper Bank National Association, New York, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 7, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $51,759 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 11, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 423830, Industrial Machinery and Equipment Merchant Wholesalers
- Project location
- Capitol County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 86% of acquisition loans in Industrial Machinery and Equipment Merchant Wholesalers on this site.
- Average acquisition loan in Industrial Machinery and Equipment Merchant Wholesalers: $2,384,497.
- Average acquisition loan in Connecticut: $1,992,959.
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 Connecticut
- Daly Acquisition Co., North Haven