The W.f. Norman Sheet Metal Manufacturing Company, LLC
The W.f. Norman Sheet Metal Manufacturing Company, LLC is located in Nevada, Missouri, in the All Other Miscellaneous Fabricated Metal Product Manufacturing industry. It was financed with an SBA 7(a) loan for a change of ownership of $2,286,000 from Community National Bank & Trust, with approval dated January 28, 2025.
SBA 7(a) loan, change of ownership, approved Jan 28, 2025
$2,286,000 approvedLender: Community National Bank & Trust25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,286,000
- SBA-guaranteed amount
- $1,714,500 (75% of the approval)
- Lender
- Community National Bank & Trust, Chanute, KS
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 28, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $18,407 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 19
- Business type
- Corporation
- NAICS
- 332999, All Other Miscellaneous Fabricated Metal Product Manufacturing
- Project location
- Vernon County, MO
- SBA district office
- Kansas City District Office
- Congressional district
- MO-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 60% of acquisition loans in All Other Miscellaneous Fabricated Metal Product Manufacturing on this site.
- Average acquisition loan in All Other Miscellaneous Fabricated Metal Product Manufacturing: $2,156,280.
- Average acquisition loan in Missouri: $1,584,414.
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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