Industrial Packaging Supply, Inc.
Industrial Packaging Supply, Inc. is located in Webster, MA, and the SBA lists its industry as Packaging and Labeling Services. It was approved for an SBA 7(a) loan of $5,000,000 for a change of ownership on September 21, 2024.
SBA 7(a) loan, change of ownership, approved Sep 21, 2024
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $4,500,000 (90% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- International Trade Loan: for businesses that export or are preparing to
- Initial interest rate
- 7.5%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- September 21, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $59,351 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 6, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 34
- Business type
- Corporation
- NAICS
- 561910, Packaging and Labeling Services
- Project location
- Worcester County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Packaging and Labeling Services: $2,440,567.
- 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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