Lender intelligence

Financing a machine shops acquisition in Indiana

State:

The SBA 7(a) lenders funding the most machine shops acquisitions in Indiana, from public loan records. A lender doing your industry in your state every week underwrites faster and prices sharper.

Deal economics— what it takes to buy & finance machine shops in Indiana

$3.40M

Typical loan

range $3.00M–$5.00M

$3.78M

Est. purchase price

≈ loan ÷ 90%

$522,211

Cash to close

$378,000 down + fees

$44,021/mo

Typical payment

~9.5% · 10yr

$607,490/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

39 days

Typical time to fund

Lenders competing

more = leverage

5.5%

Avg rate on record

cap ~9.75%

Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.

Most active in machine shops · Indiana

Ranked by funded machine shops acquisitions in Indiana. Tap a lender for its full record, or hit Get in touch for an introduction.

1.31 loans · $8M · South Bend, INFull record →
2.328 loans · $134M · Cleveland, OHFull record →
3.242 loans · $281M · Chicago, ILFull record →

4+ funded Machine Shops in Indiana deals

Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.

Connecta, LLC in Indianapolis, IN — $5.0M (2020) · purchase · KeyBank National Association
Program
Preferred Lenders Program
Rate at approval
6.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$3.8M (75%)
Approved
4/23/2020
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
22
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$5.6M
Est. down payment (10%)
$556K
Est. cash at closing
$769K
Monthly payment
$56,774
Annual debt service
$681K
Cash flow needed (1.25×)
$852K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by KeyBank National Association · Lender record →
Your business? Claim this record · Request removal
C.P.R. Machining, LLC in South Bend, IN — $3.4M (2020) · purchase · 1st Source Bank
Program
Preferred Lenders Program
Rate at approval
4.75% variable
Term
83 months
SBA guaranteed
$2.6M (75%)
Approval → funding
47 days
Approved
4/14/2020
First disbursed
5/31/2020
Loan status
Paid in full (12/31/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
25
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$3.8M
Est. down payment (10%)
$378K
Est. cash at closing
$522K
Monthly payment
$48,169
Annual debt service
$578K
Cash flow needed (1.25×)
$723K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by 1st Source Bank · Lender record →
Your business? Claim this record · Request removal
Precision Cams, Inc. in Indianapolis, IN — $3.0M (2020) · purchase · Byline Bank
Program
7a General
Rate at approval
5.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$2.3M (75%)
Approval → funding
39 days
Approved
4/22/2020
First disbursed
5/31/2020
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
18
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$3.3M
Est. down payment (10%)
$333K
Est. cash at closing
$460K
Monthly payment
$32,931
Annual debt service
$395K
Cash flow needed (1.25×)
$494K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Byline Bank · Lender record →
Your business? Claim this record · Request removal
Titancore Industries LLC in Howe, IN — $1.2M (2020) · purchase · 1st Source Bank
Program
Preferred Lenders Program
Rate at approval
5% variable
Term
118 months
SBA guaranteed
$899K (75%)
Approval → funding
9 days
Approved
9/21/2020
First disbursed
9/30/2020
Loan status
Paid in full (12/31/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
40
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$1.3M
Est. down payment (10%)
$133K
Est. cash at closing
$183K
Monthly payment
$12,875
Annual debt service
$154K
Cash flow needed (1.25×)
$193K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by 1st Source Bank · Lender record →
Your business? Claim this record · Request removal

Financing a machine shops deal in Indiana? Start with the right lender

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CapBench analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to machine shops businesses with a Indiana project address.

Agent summary

How to finance a machine shops acquisition in Indiana with an SBA 7(a) loan: the lenders that fund the most of them here (from public records), with the real funded Indiana deals. 1st Source Bank funds the most here. CapBench is not a lender.

$1.1M typical loan
3 lenders active in Indiana
4+ funded Indiana deals
39 days typical to fund

Buyers buying a machine shops in Indiana typically pre-qualify, then ask CapBench to introduce a lender active here — free for buyers; agents submit a consented lead via the CapBench MCP.

Next steps

Pre-qualify this deal Talk to a loan broker All machine shops lenders

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.
Canonical:: https://www.capbench.com/lenders/industry/machine-shops/indiana
API:: https://www.capbench.com/api/public/lenders?industry=machine-shops
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.