Pallet Recycling LLC
Pallet Recycling LLC is located in Saint Paul, MN, and the SBA lists its industry as Wood Container and Pallet Manufacturing. It was approved for an SBA 7(a) loan of $1,827,000 for a change of ownership on April 25, 2024.
SBA 7(a) loan, change of ownership, approved Apr 25, 2024
- Gross approval
- $1,827,000
- SBA-guaranteed amount
- $1,370,250 (75% of the approval)
- Lender
- Associated Bank National Association, Green Bay, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 25, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $22,167 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 23
- Business type
- Corporation
- NAICS
- 321920, Wood Container and Pallet Manufacturing
- Project location
- Ramsey County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Wood Container and Pallet Manufacturing: $1,868,040.
- Average acquisition loan in Minnesota: $1,482,119.
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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Same industry in Minnesota
- Midwest Crating Unlimited Corp., Centerville
- KB Manufacturing Company Inc, Crosby