Nassau Industrial Supply, Inc.
Nassau Industrial Supply, Inc. is located in Elmont, New York, and operates in the industrial machinery and equipment merchant wholesalers industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,368,000, approved July 30, 2024 by TD Bank, National Association.
SBA 7(a) loan, change of ownership, approved Jul 30, 2024
$1,368,000 approvedLender: TD Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,368,000
- SBA-guaranteed amount
- $1,026,000 (75% of the approval)
- Lender
- TD Bank, National Association, Wilmington, DE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.41%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- July 30, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $16,895 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 28, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 423830, Industrial Machinery and Equipment Merchant Wholesalers
- Project location
- Nassau County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 24% 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 New York: $1,771,512.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in New York
- Tri-State Equipment Group LLC, Mount Vernon