Smith-Palmer Manufacturing LLC
Smith-Palmer Manufacturing LLC, located in Wylie, Texas, operates in the machine shops industry (NAICS 332710). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $3,941,000 from First Internet Bank of Indiana and an approval date of December 19, 2025.
SBA 7(a) loan, change of ownership, approved Dec 19, 2025
- Gross approval
- $3,941,000
- SBA-guaranteed amount
- $2,955,750 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 15 years, 8 months (188 months)
- Estimated maturity
- August 19, 2041 (estimated, approval date plus term)
- Estimated monthly payment
- $39,766 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 9, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 28
- Business type
- Corporation
- NAICS
- 332710, Machine Shops
- Project location
- Collin County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 90% of acquisition loans in Machine Shops on this site.
- Average acquisition loan in Machine Shops: $2,116,278.
- Average acquisition loan in Texas: $1,944,682.
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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