Conveyor and Conveying Equipment Manufacturing: SBA acquisition lenders
5 recorded SBA 7(a) acquisition approvals for Conveyor and Conveying Equipment Manufacturing, FY2024–FY2026. Median approved loan: $2.1M. See lenders and activity by state.
- Acquisitions financed
- 5
- Total approved
- $8.3M
- Median loan
- $2.1M
- Middle half of loans
- $500K to $2.5M
- Median starting rate
- 7.50%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in this industry
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Platinum Bank | 2 | 40% | $1.5M | $3.0M |
| 2 | Lake Michigan CU | 2 | 40% | $1.2M | $2.3M |
| 3 | Horizon Bank | 1 | 20% | $3.0M | $3.0M |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Minnesota | 2 | $1.5M | $3.0M |
| Michigan | 2 | $1.2M | $2.3M |
| Indiana | 1 | $3.0M | $3.0M |