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Hi Tec Fabrication LLC

Sturgeon Bay, WI · Machine Shops · NAICS 332710

Hi Tec Fabrication LLC is a machine shop located in Sturgeon Bay, Wisconsin, classified under NAICS 332710 (Machine Shops). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $2,385,000, approved on June 20, 2024, through Horicon Bank.

SBA 7(a) loan, change of ownership, approved Jun 20, 2024

$2,385,000 approvedLender: Horicon Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,385,000
SBA-guaranteed amount
$1,788,750 (75% of the approval)
Lender
Horicon Bank, Horicon, WI
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
7.95%, variable
Term
10 years (120 months)
Estimated maturity
June 20, 2034 (estimated, approval date plus term)
Estimated monthly payment
$28,874 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 28, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
13
Business type
Corporation
NAICS
332710, Machine Shops
Project location
Door County, WI
SBA district office
Wisconsin District Office
Congressional district
WI-08
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 62% 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