Ryan Giles Enterprises, LLC
Ryan Giles Enterprises, LLC is a machine shop in Grimes, Iowa, classified under NAICS 332710 (Machine Shops). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,159,800, approved by South Story Bank & Trust with an approval date of July 15, 2026.
SBA 7(a) loan, change of ownership, approved Jul 15, 2026
$1,159,800 approvedLender: South Story Bank & Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,159,800
- SBA-guaranteed amount
- $869,850 (75% of the approval)
- Lender
- South Story Bank & Trust, Slater, IA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.5%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- July 15, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $13,767 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 31, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 332710, Machine Shops
- Project location
- Polk County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 25% of acquisition loans in Machine Shops on this site.
- Average acquisition loan in Machine Shops: $2,116,278.
- Average acquisition loan in Iowa: $1,701,244.
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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