Tri-State Industrial Supply, LLC
Tri-State Industrial Supply, LLC is an industrial supplies merchant wholesaler located in Shreveport, Louisiana. The company was financed with an SBA 7(a) loan for a change of ownership of $5 million, approved by Northwest Bank on December 18, 2024.
SBA 7(a) loan, change of ownership, approved Dec 18, 2024
$5,000,000 approvedLender: Northwest Bank14 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- Northwest Bank, Warren, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 14 years (168 months)
- Estimated maturity
- December 18, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $53,180 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 6, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 22
- Business type
- Corporation
- NAICS
- 423840, Industrial Supplies Merchant Wholesalers
- Project location
- Caddo County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 97% of acquisition loans in Industrial Supplies Merchant Wholesalers on this site.
- Average acquisition loan in Industrial Supplies Merchant Wholesalers: $1,953,526.
- Average acquisition loan in Louisiana: $1,702,056.
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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