Gurney Water Treatment, Inc.
Gurney Water Treatment, Inc. is located in Sutton, Massachusetts, and is classified under the industry All Other Professional, Scientific, and Technical Services (NAICS 541990). The business was financed with an SBA 7(a) loan for a change of ownership of $2.7 million, approved by Rockland Trust Company on December 13, 2023.
SBA 7(a) loan, change of ownership, approved Dec 13, 2023
$2,700,000 approvedLender: Rockland Trust Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,700,000
- SBA-guaranteed amount
- $2,025,000 (75% of the approval)
- Lender
- Rockland Trust Company, Rockland, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.59%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 13, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $32,176 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 18, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 541990, All Other Professional, Scientific, and Technical Services
- Project location
- Worcester County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 78% of acquisition loans in All Other Professional, Scientific, and Technical Services on this site.
- Average acquisition loan in All Other Professional, Scientific, and Technical Services: $1,682,572.
- Average acquisition loan in Massachusetts: $1,643,977.
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 Massachusetts
- Snaf Engineering, LLC, Hopkinton
- Owela Corp., Marlborough