Heintz Equipment, LLC
Heintz Equipment, LLC is located in Bow, New Hampshire, and operates in the office equipment merchant wholesalers industry (NAICS 423420). The company was financed with an SBA 7(a) loan for a change of ownership of $750,000, approved on June 24, 2024 by Merrimack County Savings Bank.
SBA 7(a) loan, change of ownership, approved Jun 24, 2024
$750,000 approvedLender: Merrimack County Savings Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $750,000
- SBA-guaranteed amount
- $562,500 (75% of the approval)
- Lender
- Merrimack County Savings Bank, Concord, NH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- June 24, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,400 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 423420, Office Equipment Merchant Wholesalers
- Project location
- Merrimack County, NH
- SBA district office
- New Hampshire District Office
- Congressional district
- NH-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Office Equipment Merchant Wholesalers: $2,912,000.
- Average acquisition loan in New Hampshire: $1,811,437.
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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