Main Street Registry

Saliba Industries Holdings LLC

Waukegan, IL · Machine Shops · NAICS 332710

Saliba Industries Holdings LLC is a machine shop in Waukegan, Illinois, in the NAICS 332710 category for machine shops. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1.7 million from First National Bank of Pennsylvania, approved on December 9, 2023.

SBA 7(a) loan, change of ownership, approved Dec 9, 2023

$1,700,000 approvedLender: First National Bank of Pennsylvania10 years termPaid in fullLoan details
Gross approval
$1,700,000
SBA-guaranteed amount
$1,275,000 (75% of the approval)
Lender
First National Bank of Pennsylvania, Greenville, PA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
10 years (120 months)
Estimated maturity
December 9, 2033 (estimated, approval date plus term)
Estimated monthly payment
$22,231 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 16, 2024
Loan status
Paid in full
Jobs supported
1
Business type
Corporation
NAICS
332710, Machine Shops
Project location
Lake County, IL
SBA district office
Illinois District Office
Congressional district
IL-10
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 44% of acquisition loans in Machine Shops on this site.
  • Average acquisition loan in Machine Shops: $2,116,278.
  • Average acquisition loan in Illinois: $1,796,780.

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 Illinois