SW Power Equipment LLC
SW Power Equipment LLC is an outdoor power equipment retailer in Eden Prairie, Minnesota. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,299,500, approved on May 20, 2026, by Old National Bank.
SBA 7(a) loan, change of ownership, approved May 20, 2026
$1,299,500 approvedLender: Old National Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,299,500
- SBA-guaranteed amount
- $974,625 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.3%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- May 20, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $9,435 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 29, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 444230, Outdoor Power Equipment Retailers
- Project location
- Hennepin County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 42% of acquisition loans in Outdoor Power Equipment Retailers on this site.
- Average acquisition loan in Outdoor Power Equipment Retailers: $1,637,484.
- Average acquisition loan in Minnesota: $1,482,119.
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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