Wallingford Aerospace Acquisition Inc.
Wallingford Aerospace Acquisition Inc. is located in Wallingford, CT, and the SBA lists its industry as Gasket, Packing, and Sealing Device Manufacturing. It was approved for an SBA 7(a) loan of $5,000,000 for a change of ownership on February 26, 2025.
SBA 7(a) loan, change of ownership, approved Feb 26, 2025
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- Santander Bank, National Association, Wilmington, DE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 6.4%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- February 26, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $56,520 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 18, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 339991, Gasket, Packing, and Sealing Device Manufacturing
- Project location
- South Central Ct 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)
- Average acquisition loan in Gasket, Packing, and Sealing Device Manufacturing: $3,479,167.
- 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.
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