Industrial Water Solutions LLC
Industrial Water Solutions LLC, located in Greenwood, Indiana, operates in the industrial supplies merchant wholesalers industry (NAICS 423840). The company was financed with an SBA 7(a) loan for a change of ownership of $1.25 million, approved on August 19, 2024 by Fifth Third Bank.
SBA 7(a) loan, change of ownership, approved Aug 19, 2024
$1,250,000 approvedLender: Fifth Third Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,250,000
- SBA-guaranteed amount
- $937,500 (75% of the approval)
- Lender
- Fifth Third Bank, Cincinnati, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.65%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- August 19, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $14,936 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 423840, Industrial Supplies Merchant Wholesalers
- Project location
- Johnson County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 39% of acquisition loans in Industrial Supplies Merchant Wholesalers on this site.
- Average acquisition loan in Industrial Supplies Merchant Wholesalers: $1,953,526.
- Average acquisition loan in Indiana: $1,995,900.
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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