Sisneros Manufacturing, LLC
Sisneros Manufacturing, LLC is an industrial valve manufacturing business in Belen, New Mexico, classified under NAICS code 332911. The company was financed with an SBA 7(a) loan for a change of ownership of $5 million, approved on September 27, 2024 through Main Bank.
SBA 7(a) loan, change of ownership, approved Sep 27, 2024
$5,000,000 approvedLender: Main Bank162 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $4,500,000 (90% of the approval)
- Lender
- Main Bank, Albuquerque, NM
- Processing method
- International Trade Loan: for businesses that export or are preparing to
- Initial interest rate
- 10.5%, variable
- Term
- 13 years, 6 months (162 months)
- Estimated maturity
- March 27, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $57,856 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 7, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 40
- Business type
- Corporation
- NAICS
- 332911, Industrial Valve Manufacturing
- Project location
- Valencia County, NM
- SBA district office
- New Mexico District Office
- Congressional district
- NM-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Industrial Valve Manufacturing: $2,956,500.
- Average acquisition loan in New Mexico: $1,985,089.
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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