Right Mfg Systems Holdco, LLC
Right Mfg Systems Holdco, LLC is located in Lindon, Utah, and operates in commercial and service industry machinery manufacturing (NAICS 333310). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $3,870,000, approved on January 13, 2024 by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Jan 13, 2024
$3,870,000 approvedLender: Live Oak Banking Company10 years termPaid in fullLoan details
- Gross approval
- $3,870,000
- SBA-guaranteed amount
- $3,483,000 (90% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- International Trade Loan: for businesses that export or are preparing to
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 13, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $51,680 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 30, 2024
- Loan status
- Paid in full
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 333310, Commercial and Service Industry Machinery Manufacturing
- Project location
- Tooele County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Commercial and Service Industry Machinery Manufacturing: $2,595,444.
- Average acquisition loan in Utah: $1,761,092.
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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