Becko Machine Works Fs, LLC
Becko Machine Works Fs, LLC is a machine shop located in Fort Smith, Arkansas, in the machine shops industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1.62 million, approved on October 23, 2023 by Armstrong Bank.
SBA 7(a) loan, change of ownership, approved Oct 23, 2023
- Gross approval
- $1,620,000
- SBA-guaranteed amount
- $1,215,000 (75% of the approval)
- Lender
- Armstrong Bank, Muskogee, OK
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.5%, fixed
- Term
- 20 years (240 months)
- Estimated maturity
- October 23, 2043 (estimated, approval date plus term)
- Estimated monthly payment
- $15,101 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 9, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 332710, Machine Shops
- Project location
- Sebastian County, AR
- SBA district office
- Arkansas District Office
- Congressional district
- AR-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 40% of acquisition loans in Machine Shops on this site.
- Average acquisition loan in Machine Shops: $2,116,278.
- Average acquisition loan in Arkansas: $2,003,702.
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 Arkansas
- Wright Steel LLC, Harrison
- Alexander's Machine Shop, Inc., Jonesboro