Horizon Machine Works LLC
Horizon Machine Works LLC is located in Tempe, AZ, and the SBA lists its industry as Machine Shops. It was approved for an SBA 7(a) loan of $3,135,000 for a change of ownership on November 24, 2023.
SBA 7(a) loan, change of ownership, approved Nov 24, 2023
- Gross approval
- $3,135,000
- SBA-guaranteed amount
- $2,351,250 (75% of the approval)
- Lender
- St. Louis Bank, St. Louis, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- November 24, 2048 (estimated, approval date plus term)
- Estimated monthly payment
- $31,295 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 11, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 332710, Machine Shops
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 78% of acquisition loans in Machine Shops on this site.
- Average acquisition loan in Machine Shops: $2,116,278.
- Average acquisition loan in Arizona: $1,690,811.
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 Arizona
- PlanitWorks, LLC, Tucson