Brookwood Hickory Holdings LLC
Brookwood Hickory Holdings LLC, located in Shelbyville, IN, operates in upholstered household furniture manufacturing (NAICS 337121). The company was financed with an SBA 7(a) loan for a change of ownership, with two loans approved by First Internet Bank of Indiana on April 7, 2025 ($2,734,000) and April 8, 2025 ($500,000).
SBA 7(a) loan, change of ownership, approved Apr 8, 2025
$500,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 8, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $6,334 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 337121, Upholstered Household Furniture Manufacturing
- Project location
- Shelby County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in Upholstered Household Furniture Manufacturing: $1,893,986.
- Average acquisition loan in Indiana: $1,995,900.
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.
SBA 7(a) loan, change of ownership, approved Apr 7, 2025
$2,734,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,734,000
- SBA-guaranteed amount
- $2,050,500 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 7, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $34,633 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 337121, Upholstered Household Furniture Manufacturing
- Project location
- Shelby County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Upholstered Household Furniture Manufacturing: $1,893,986.
- Average acquisition loan in Indiana: $1,995,900.
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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