Pyramid Time Systems Holdings LLC
Pyramid Time Systems Holdings LLC is a telephone apparatus manufacturer located in Meriden, Connecticut. The company was financed with an SBA 7(a) loan for a change of ownership totaling $3,185,100, approved on March 26, 2025, through Dominion Bank.
SBA 7(a) loan, change of ownership, approved Mar 26, 2025
- Gross approval
- $3,185,100
- SBA-guaranteed amount
- $2,388,825 (75% of the approval)
- Lender
- Dominion Bank, Dallas, TX
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 26, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $41,214 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 4, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 32
- Business type
- Corporation
- NAICS
- 334210, Telephone Apparatus Manufacturing
- Project location
- South Central Ct County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Telephone Apparatus Manufacturing: $3,185,100.
- Average acquisition loan in Connecticut: $1,992,959.
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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