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B & H Industrial Corporation

Midland, TX · Hardware Merchant Wholesalers · NAICS 423710

B & H Industrial Corporation, located in Midland, Texas, operates in the hardware merchant wholesalers industry (NAICS 423710). The company was financed with an SBA 7(a) loan for a change of ownership totaling $3,260,000, approved by Northwest Bank on December 9, 2024, with an estimated 17 jobs reported.

SBA 7(a) loan, change of ownership, approved Dec 9, 2024

$3,260,000 approvedLender: Northwest Bank17 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,260,000
SBA-guaranteed amount
$2,445,000 (75% of the approval)
Lender
Northwest Bank, Warren, PA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
17 years (204 months)
Estimated maturity
December 9, 2041 (estimated, approval date plus term)
Estimated monthly payment
$32,777 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 15, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
423710, Hardware Merchant Wholesalers
Project location
Midland County, TX
SBA district office
Lubbock District Office
Congressional district
TX-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 64% of acquisition loans in Hardware Merchant Wholesalers on this site.
  • Average acquisition loan in Hardware Merchant Wholesalers: $2,843,818.
  • Average acquisition loan in Texas: $1,944,682.

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 Texas