Huber Lumber Group LLC
Huber Lumber Group LLC is located in Cincinnati, Ohio, and operates in the lumber, plywood, millwork, and wood panel merchant wholesale industry (NAICS 423310). The company was financed with an SBA 7(a) loan for a change of ownership of $1,275,000, approved on March 26, 2024, through WesBanco Bank, Inc.
SBA 7(a) loan, change of ownership, approved Mar 26, 2024
$1,275,000 approvedLender: WesBanco Bank, Inc.10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,275,000
- SBA-guaranteed amount
- $956,250 (75% of the approval)
- Lender
- WesBanco Bank, Inc., Wheeling, WV
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 26, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $17,563 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 423310, Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers
- Project location
- Hamilton County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 38% of acquisition loans in Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers on this site.
- Average acquisition loan in Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers: $2,071,088.
- 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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