Sturm Steel Treating LLC
Sturm Steel Treating LLC is a metal heat treating business in Indianapolis, Indiana, in the metal heat treating industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1,345,000, approved on April 21, 2026 by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Apr 21, 2026
$1,345,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,345,000
- SBA-guaranteed amount
- $1,008,750 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 21, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $17,038 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 8, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 332811, Metal Heat Treating
- Project location
- Marion County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Metal Heat Treating: $2,247,500.
- Average acquisition loan in Indiana: $1,995,900.
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.