Main Street Registry

Ray Palmer Associates, Inc.

Douglassville, PA · All Other Professional, Scientific, and Technical Services · NAICS 541990

Ray Palmer Associates, Inc., located in Douglassville, PA, operates in the All Other Professional, Scientific, and Technical Services industry (NAICS 541990). The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $3,456,900 approved by T Bank, National Association on March 18, 2025.

SBA 7(a) loan, change of ownership, approved Mar 18, 2025

$3,456,900 approvedLender: T Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,456,900
SBA-guaranteed amount
$2,592,675 (75% of the approval)
Lender
T Bank, National Association, Dallas, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
March 18, 2035 (estimated, approval date plus term)
Estimated monthly payment
$44,731 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 26, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
18
Business type
Corporation
NAICS
541990, All Other Professional, Scientific, and Technical Services
Project location
Morris County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-07
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 89% of acquisition loans in All Other Professional, Scientific, and Technical Services on this site.
  • Average acquisition loan in All Other Professional, Scientific, and Technical Services: $1,682,572.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Pennsylvania