NTM Holdings of WNY Inc
NTM Holdings of WNY Inc is an other construction material merchant wholesaler located in Depew, New York, in the business of other construction material merchant wholesalers. The company was financed with an SBA 7(a) loan for a change of ownership totaling $3,743,000, approved on November 6, 2024, by Manufacturers and Traders Trust Company, with a 120-month term and 10 jobs reported.
SBA 7(a) loan, change of ownership, approved Nov 6, 2024
$3,743,000 approvedLender: Manufacturers and Traders Trust Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,743,000
- SBA-guaranteed amount
- $2,807,250 (75% of the approval)
- Lender
- Manufacturers and Traders Trust Company, Buffalo, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 6, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $47,923 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 3, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 423390, Other Construction Material Merchant Wholesalers
- Project location
- Erie County, NY
- SBA district office
- Buffalo District Office
- Congressional district
- NY-26
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 75% of acquisition loans in Other Construction Material Merchant Wholesalers on this site.
- Average acquisition loan in Other Construction Material Merchant Wholesalers: $2,239,433.
- 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.
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