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Case highlight

Equipment Retailer Acquisition

Amount

$2.9 million

Loan Type

SBA 7(a)

Location

New Jersey

Project Overview

This project involves the acquisition of two established equipment rental and hardware retail locations in Southern New Jersey. The business serves both residential and commercial/contractor clients, offering a wide range of equipment rentals and hardware products. With a history dating back to 1978, the company is recognized for its strong local presence and diverse customer base. The business is an elite dealer for a major power equipment brand.

Highlights

  • Acquisition of two equipment rental and hardware retail locations
  • Strong management: New owner with 20+ years of global management experience
  • Purchase includes diverse inventory of heavy equipment (earth moving equipment, etc.)
  • Non franchise; asset purchase structure with working capital included in the loan proceeds ( 90% leverage )

Community & Impact

  • Job retention: All 20 employees retained, supporting local employment
  • Economic development: Continued service to contractors, landscapers, and homeowners in Southern NJ
  • Local vitality: Maintains a long-standing, family-founded business serving both residential and commercial markets
  • Social: Supports small business growth, and offers equipment/services for local projects
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