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Emmanuel Industrial Products and services Inc.

Ocala, FL · Industrial Machinery and Equipment Merchant Wholesalers · NAICS 423830

Emmanuel Industrial Products and services Inc. is located in Ocala, Florida, and operates in the industrial machinery and equipment merchant wholesalers industry. The company was financed with an SBA 7(a) loan for a change of ownership of $777,600, approved on October 19, 2023, through TD Bank, National Association.

SBA 7(a) loan, change of ownership, approved Oct 19, 2023

$777,600 approvedLender: TD Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$777,600
SBA-guaranteed amount
$583,200 (75% of the approval)
Lender
TD Bank, National Association, Wilmington, DE
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, fixed
Term
10 years (120 months)
Estimated maturity
October 19, 2033 (estimated, approval date plus term)
Estimated monthly payment
$9,641 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 31, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
423830, Industrial Machinery and Equipment Merchant Wholesalers
Project location
Marion County, FL
SBA district office
North Florida District Office
Congressional district
FL-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 7% of acquisition loans in Industrial Machinery and Equipment Merchant Wholesalers on this site.
  • Average acquisition loan in Industrial Machinery and Equipment Merchant Wholesalers: $2,384,497.
  • Average acquisition loan in Florida: $1,808,559.

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 Florida