Marcellino Enterprises, Inc.
Marcellino Enterprises, Inc. is located in York, Pennsylvania, and operates in medical, dental, and hospital equipment and supplies merchant wholesaling. The business was financed with an SBA 7(a) loan for a change of ownership of $699,000, approved on September 20, 2024 by Manufacturers and Traders Trust Company.
SBA 7(a) loan, change of ownership, approved Sep 20, 2024
$699,000 approvedLender: Manufacturers and Traders Trust Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $699,000
- SBA-guaranteed amount
- $524,250 (75% of the approval)
- Lender
- Manufacturers and Traders Trust Company, Buffalo, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 20, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,432 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 25, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 423450, Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
- Project location
- York County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 15% of acquisition loans in Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers on this site.
- Average acquisition loan in Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers: $1,918,150.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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