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Heckel Tool & Manufacturing, Corp.

Eagle, WI · Machine Shops · NAICS 332710

Heckel Tool & Manufacturing, Corp. is a machine shop located in Eagle, Wisconsin, classified under NAICS code 332710 (Machine Shops). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,377,000, with Old National Bank as the lender and an approval date of June 17, 2026.

SBA 7(a) loan, change of ownership, approved Jun 17, 2026

$1,377,000 approvedLender: Old National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,377,000
SBA-guaranteed amount
$1,032,750 (75% of the approval)
Lender
Old National Bank, Evansville, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.6%, fixed
Term
10 years (120 months)
Estimated maturity
June 17, 2036 (estimated, approval date plus term)
Estimated monthly payment
$16,417 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 23, 2026
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
332710, Machine Shops
Project location
Waukesha County, WI
SBA district office
Wisconsin District Office
Congressional district
WI-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 31% of acquisition loans in Machine Shops on this site.
  • Average acquisition loan in Machine Shops: $2,116,278.
  • Average acquisition loan in Wisconsin: $1,729,230.

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 Wisconsin