Tri-State Equipment Group LLC
Tri-State Equipment Group LLC is located in Mount Vernon, NY, and the SBA lists its industry as Industrial Machinery and Equipment Merchant Wholesalers. It was approved for an SBA 7(a) loan of $2,112,000 for a change of ownership on August 11, 2026.
SBA 7(a) loan, change of ownership, approved Aug 11, 2026
- Gross approval
- $2,112,000
- SBA-guaranteed amount
- $1,584,000 (75% of the approval)
- Lender
- The Fidelity Bank, Fuquay Varina, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 11, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $26,469 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 423830, Industrial Machinery and Equipment Merchant Wholesalers
- Project location
- Westchester County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-16
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 52% of acquisition loans in Industrial Machinery and Equipment Merchant Wholesalers on this site.
- Average acquisition loan in Industrial Machinery and Equipment Merchant Wholesalers: $2,384,497.
- Average acquisition loan in New York: $1,771,512.
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 New York
- Nassau Industrial Supply, Inc., Elmont