KWX Fabrication & Welding LLC
KWX Fabrication & Welding LLC, located in Roll, Arizona, operates in the fabricated structural metal manufacturing industry (NAICS 332312). The company was financed with an SBA 7(a) loan for a change of ownership totaling $982,500, approved on March 25, 2024 by Alerus Financial, National Association.
SBA 7(a) loan, change of ownership, approved Mar 25, 2024
$982,500 approvedLender: Alerus Financial, National Association25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $982,500
- SBA-guaranteed amount
- $736,875 (75% of the approval)
- Lender
- Alerus Financial, National Association, Grand Forks, ND
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- March 25, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $9,102 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 332312, Fabricated Structural Metal Manufacturing
- Project location
- Yuma County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 30% of acquisition loans in Fabricated Structural Metal Manufacturing on this site.
- Average acquisition loan in Fabricated Structural Metal Manufacturing: $2,019,355.
- 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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