A-10 Compressed Air Services, LLC
A-10 Compressed Air Services, LLC is located in Greenville, SC, and the SBA lists its industry as Industrial Machinery and Equipment Merchant Wholesalers. It was approved for an SBA 7(a) loan of $3,647,000 for a change of ownership on September 9, 2024.
SBA 7(a) loan, change of ownership, approved Sep 9, 2024
- Gross approval
- $3,647,000
- SBA-guaranteed amount
- $2,735,250 (75% of the approval)
- Lender
- First Bank, Southern Pines, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 9, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $50,237 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 25, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 423830, Industrial Machinery and Equipment Merchant Wholesalers
- Project location
- Greenville County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 83% of acquisition loans in Industrial Machinery and Equipment Merchant Wholesalers on this site.
- Average acquisition loan in Industrial Machinery and Equipment Merchant Wholesalers: $2,384,497.
- Average acquisition loan in South Carolina: $1,827,509.
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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