Mercer International, Inc.
Mercer International, Inc. is a commercial and service industry machinery manufacturer located in Albany, NY, classified under NAICS code 333310. The company was financed with an SBA 7(a) loan for a change of ownership of $4.89 million, approved on December 11, 2024, through Beacon Bank and Trust, with a 120-month term.
SBA 7(a) loan, change of ownership, approved Dec 11, 2024
$4,890,000 approvedLender: Beacon Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,890,000
- SBA-guaranteed amount
- $4,401,000 (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
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 11, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $65,301 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 18, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 333310, Commercial and Service Industry Machinery Manufacturing
- Project location
- Albany County, NY
- SBA district office
- Syracuse District Office
- Congressional district
- NY-20
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Commercial and Service Industry Machinery Manufacturing: $2,595,444.
- 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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