Meldro Innovations Inc.
Meldro Innovations Inc. is located in Penfield, NY, and the SBA lists its industry as All Other Miscellaneous Fabricated Metal Product Manufacturing. It was approved for an SBA 7(a) loan of $925,000 for a change of ownership on February 20, 2026.
SBA 7(a) loan, change of ownership, approved Feb 20, 2026
- Gross approval
- $925,000
- SBA-guaranteed amount
- $693,750 (75% of the approval)
- Lender
- Genesee Regional Bank, Rochester, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 6.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 20, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $10,503 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 27, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 23
- Business type
- Corporation
- NAICS
- 332999, All Other Miscellaneous Fabricated Metal Product Manufacturing
- Project location
- Monroe County, NY
- SBA district office
- Buffalo District Office
- Congressional district
- NY-25
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 29% of acquisition loans in All Other Miscellaneous Fabricated Metal Product Manufacturing on this site.
- Average acquisition loan in All Other Miscellaneous Fabricated Metal Product Manufacturing: $2,156,280.
- Average acquisition loan in New York: $1,771,512.
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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