Connecticut Valley Industries, LLC
Connecticut Valley Industries, LLC is a business in Old Saybrook, Connecticut, in the industry of all other miscellaneous electrical equipment and component manufacturing (NAICS 335999). The company was financed with an SBA 7(a) loan for a change of ownership of $3.11 million, approved on May 15, 2025 by Beacon Bank and Trust.
SBA 7(a) loan, change of ownership, approved May 15, 2025
$3,110,000 approvedLender: Beacon Bank and Trust13 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,110,000
- SBA-guaranteed amount
- $2,799,000 (90% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- International Trade Loan: for businesses that export or are preparing to
- Initial interest rate
- 9.25%, variable
- Term
- 13 years (156 months)
- Estimated maturity
- May 15, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $34,337 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 22, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 335999, All Other Miscellaneous Electrical Equipment and Component Manufacturing
- Project location
- Lower Ct River Vly County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in All Other Miscellaneous Electrical Equipment and Component Manufacturing: $2,021,212.
- 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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