Main Street Registry

R.S.J. Industries Inc

Buffalo, NY · Hardware Retailers · NAICS 444140

R.S.J. Industries Inc, located in Buffalo, NY, is in the hardware retailers industry (NAICS 444140). It was financed with an SBA 7(a) loan for a change of ownership of $500,000, approved on September 11, 2024, by Manufacturers and Traders Trust Company.

SBA 7(a) loan, change of ownership, approved Sep 11, 2024

$500,000 approvedLender: Manufacturers and Traders Trust Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$500,000
SBA-guaranteed amount
$375,000 (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
10.5%, variable
Term
10 years (120 months)
Estimated maturity
September 11, 2034 (estimated, approval date plus term)
Estimated monthly payment
$6,747 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 23, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
444140, Hardware Retailers
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)
  • Average acquisition loan in Hardware Retailers: $1,808,637.
  • 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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Same industry in New York