Ashore Manufacturing Group LLC
Ashore Manufacturing Group LLC is located in Berlin Center, OH, and the SBA lists its industry as Industrial Mold Manufacturing. It was approved for an SBA 7(a) loan of $1,122,000 for a change of ownership on March 31, 2026.
SBA 7(a) loan, change of ownership, approved Mar 31, 2026
- Gross approval
- $1,122,000
- SBA-guaranteed amount
- $841,500 (75% of the approval)
- Lender
- WesBanco Bank, Inc., Wheeling, WV
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 18 years (216 months)
- Estimated maturity
- March 31, 2044 (estimated, approval date plus term)
- Estimated monthly payment
- $10,159 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 7, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 333511, Industrial Mold Manufacturing
- Project location
- Mahoning County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Industrial Mold Manufacturing: $1,855,667.
- Average acquisition loan in Ohio: $1,840,340.
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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