Precision Copy Products, Inc.
Precision Copy Products, Inc. is located in Clairton, PA, and the SBA lists its industry as Industrial Machinery and Equipment Merchant Wholesalers. It was approved for an SBA 7(a) loan of $1,617,500 for a change of ownership on March 28, 2024.
SBA 7(a) loan, change of ownership, approved Mar 28, 2024
- Gross approval
- $1,617,500
- SBA-guaranteed amount
- $1,213,125 (75% of the approval)
- Lender
- First National Bank of Pennsylvania, Greenville, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 28, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $20,930 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 19
- Business type
- Corporation
- NAICS
- 423830, Industrial Machinery and Equipment Merchant Wholesalers
- Project location
- Allegheny County, PA
- SBA district office
- Pittsburgh District Office
- Congressional district
- PA-14
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 31% 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 Pennsylvania: $1,636,965.
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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