American Millworks, LLC
American Millworks, LLC is located in New Caney, TX, and the SBA lists its industry as Custom Architectural Woodwork and Millwork Manufacturing. It was approved for an SBA 7(a) loan of $4,950,000 for a change of ownership on May 28, 2025.
SBA 7(a) loan, change of ownership, approved May 28, 2025
- Gross approval
- $4,950,000
- SBA-guaranteed amount
- $3,712,500 (75% of the approval)
- Lender
- Prosperity Bank, El Campo, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 28, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $61,373 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 337212, Custom Architectural Woodwork and Millwork Manufacturing
- Project location
- Montgomery County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Custom Architectural Woodwork and Millwork Manufacturing: $2,556,843.
- Average acquisition loan in Texas: $1,944,682.
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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