SBA lending record
Initech Worldwide, LLC
75 Newbury Street, Danvers, MA · Other Building Material Dealers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$1.3M
Total SBA financing
4
Loans on record
FY2020–24
On record
12
Jobs supported
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All 4 loans
$100,000 — FY2024
Loan 1 of 4- Gross approval
- $100,000
- SBA guaranteed
- $50,000 (50%)
- Status
- Current
- Rate at approval
- 3% v
- Term
- 120 mo (10 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 4/25/2024
- First disbursement
- 3/18/2025
- Days to fund
- 327 days
- Collateral
- Required
- Jobs supported
- 6
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Interior Design Services
- NAICS code
- 541410
- Address
- 75 Newbury St Ste C
- City
- Danvers
- County
- Essex
- SBA district office
- MASSACHUSETTS DISTRICT OFFICE
- Congressional district
- 6
$318,000 — FY2024
Loan 2 of 4- Gross approval
- $318,000
- SBA guaranteed
- $238,500 (75%)
- Status
- Current
- Rate at approval
- 6.88% f
- Term
- 84 mo (7 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 5/10/2024
- First disbursement
- 5/17/2024
- Days to fund
- 7 days
- Collateral
- Required
- Jobs supported
- 3
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Interior Design Services
- NAICS code
- 541410
- Address
- 75 Newberry Street, Suite C
- City
- Danvers
- County
- Essex
- SBA district office
- MASSACHUSETTS DISTRICT OFFICE
- Congressional district
- 6
$475,200 — FY2024
Loan 3 of 4- Gross approval
- $475,200
- SBA guaranteed
- $356,400 (75%)
- Status
- Current
- Rate at approval
- 5.83% f
- Term
- 300 mo (25 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 9/11/2024
- First disbursement
- 9/25/2024
- Days to fund
- 14 days
- Collateral
- Required
- Jobs supported
- 1
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Other Building Material Dealers
- NAICS code
- 444180
- Address
- One Elm Square Unit 1F
- City
- Andover
- County
- Essex
- SBA district office
- MASSACHUSETTS DISTRICT OFFICE
- Congressional district
- 3
$426,500 — FY2020
Loan 4 of 4- Gross approval
- $426,500
- SBA guaranteed
- $319,875 (75%)
- Status
- Paid in full
- Rate at approval
- 6% v
- Term
- 120 mo (10 yr)
- Program
- 7a General
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 8/24/2020
- First disbursement
- 9/30/2020
- Days to fund
- 37 days
- Paid in full
- 5/31/2024
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 2
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Other Building Material Dealers
- NAICS code
- 444190
- Address
- 75 Newbury Street
- City
- Danvers
- County
- Essex
- SBA district office
- MASSACHUSETTS DISTRICT OFFICE
- Congressional district
- 6
The lenders
Bank of America, National Association
3 loans to this businessFull SBA lending record + branches on the lender page →Community Bank & Trust-West Georgia
1 loan to this businessFind SBA lenders for businesses like this
The banks most active funding other building material dealers — by location, industry.
Similar businesses
Comparable other building material dealers in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Granite Exchange LLC
Haverhill, MA· ~15 mi
Other Building Material Dealers
- $743K
- SBA financing
- ≈ $1.5M–$2.4M
- Est. revenue (rough)
Timberline Enterprises LLC
Braintree, MA· ~25 mi
Other Building Material Dealers
- $2.5M
- SBA financing
- ≈ $4.9M–$8.2M
- Est. revenue (rough)
TCM INVESTMENTS, LLC
Nashua, NH· ~29 mi
Other Building Material Dealers
- $2.3M
- SBA financing
- ≈ $4.4M–$7.4M
- Est. revenue (rough)
Pacific Enterprise Inc
Attleboro, MA· ~50 mi
Other Building Material Dealers
- $2.4M
- SBA financing
- ≈ $4.7M–$7.8M
- Est. revenue (rough)
RED'S BUILDING SUPPLIES LLC
North Franklin, CT· ~91 mi
Other Building Material Dealers
- $1.8M
- SBA financing
- ≈ $3.6M–$6.0M
- Est. revenue (rough)
Eliminator Systems, Inc.
Lee, NH· ~40 mi
Other Building Material Dealers
- $3.9M
- SBA financing
- ≈ $7.6M–$13M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Initech Worldwide, LLC in Danvers, MA (Other Building Material Dealers). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 4 SBA 7(a) loans totaling $1.3M
- On record FY2020–24
- 12 jobs supported
- Industry: Other Building Material Dealers
- Location: Danvers, MA
- Lenders: Bank of America, National Association, Community Bank & Trust-West Georgia
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Other Building Material Dealers businesses in MA for ~$330k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.
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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Initech Worldwide, LLC.