Station-Glo of New England, Inc.
Station-Glo of New England, Inc. is located in Oxford, Connecticut, and operates in the Other Building Equipment Contractors industry (NAICS 238290). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $3,092,000, from TD Bank, National Association, with approval dated January 29, 2025.
SBA 7(a) loan, change of ownership, approved Jan 29, 2025
$3,092,000 approvedLender: TD Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,092,000
- SBA-guaranteed amount
- $2,319,000 (75% of the approval)
- Lender
- TD Bank, National Association, Wilmington, DE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.74%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- January 29, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $38,734 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 238290, Other Building Equipment Contractors
- Project location
- Naugatuck Vly County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 83% of acquisition loans in Other Building Equipment Contractors on this site.
- Average acquisition loan in Other Building Equipment Contractors: $1,823,087.
- Average acquisition loan in Connecticut: $1,992,959.
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.
Is this your company? Claim or correct this listing. See Corrections.