Main Street Registry

Worldwide Industries Corp.

Butler, PA · All Other Specialty Trade Contractors · NAICS 238990

Worldwide Industries Corp. is a specialty trade contractor in Butler, Pennsylvania, classified under NAICS 238990, All Other Specialty Trade Contractors. The company was financed with an SBA 7(a) loan for a change of ownership of $5 million, approved on February 27, 2024, through First Commonwealth Bank.

SBA 7(a) loan, change of ownership, approved Feb 27, 2024

$5,000,000 approvedLender: First Commonwealth Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
First Commonwealth Bank, Indiana, PA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.5%, variable
Term
10 years (120 months)
Estimated maturity
February 27, 2034 (estimated, approval date plus term)
Estimated monthly payment
$59,351 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 15, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Butler County, PA
SBA district office
Pittsburgh District Office
Congressional district
PA-15
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 96% of acquisition loans in All Other Specialty Trade Contractors on this site.
  • Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
  • Average acquisition loan in Pennsylvania: $1,636,965.

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 Pennsylvania