Main Street Registry

Apex Striping Inc.

East Syracuse, NY · All Other Specialty Trade Contractors · NAICS 238990

Apex Striping Inc. is located in East Syracuse, NY, and the SBA lists its industry as All Other Specialty Trade Contractors. It was approved for an SBA 7(a) loan of $2,070,000 for a change of ownership on December 18, 2023.

SBA 7(a) loan, change of ownership, approved Dec 18, 2023

Gross approval
$2,070,000
SBA-guaranteed amount
$1,552,500 (75% of the approval)
Lender
Manufacturers and Traders Trust Company, Buffalo, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
December 18, 2033 (estimated, approval date plus term)
Estimated monthly payment
$27,932 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 9, 2024
Loan status
Paid in full
Jobs supported
12
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Onondaga County, NY
SBA district office
Syracuse District Office
Congressional district
NY-24
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in New York