Trux and Trax Contracting Corp.
Trux and Trax Contracting Corp. is a business in Poughquag, NY, in the Other Heavy and Civil Engineering Construction industry. It was financed with an SBA 7(a) loan for a change of ownership of $1,027,000, approved on April 29, 2025 by New York Business Development Corporation.
SBA 7(a) loan, change of ownership, approved Apr 29, 2025
$1,027,000 approvedLender: New York Business Development Corporation10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,027,000
- SBA-guaranteed amount
- $770,250 (75% of the approval)
- Lender
- New York Business Development Corporation, Latham, NY
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 29, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $13,714 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 11, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 237990, Other Heavy and Civil Engineering Construction
- Project location
- Dutchess County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-19
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 30% of acquisition loans in Other Heavy and Civil Engineering Construction on this site.
- Average acquisition loan in Other Heavy and Civil Engineering Construction: $2,317,180.
- 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
- Savannah Civil Sitework LLC, Syracuse