A. Fiorillo & Co LLC
A. Fiorillo & Co LLC is a dry pasta, dough, and flour mix manufacturer located in Milldale, Connecticut. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1,413,000 approved by PeoplesBank on November 4, 2024.
SBA 7(a) loan, change of ownership, approved Nov 4, 2024
$1,413,000 approvedLender: PeoplesBank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,413,000
- SBA-guaranteed amount
- $1,059,750 (75% of the approval)
- Lender
- PeoplesBank, Holyoke, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- November 4, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $16,406 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 311824, Dry Pasta, Dough, and Flour Mixes Manufacturing from Purchased Flour
- Project location
- Naugatuck Vly County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Dry Pasta, Dough, and Flour Mixes Manufacturing from Purchased Flour: $1,413,000.
- 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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