JMD Summit Holdings, LLC
JMD Summit Holdings, LLC, located in Bolivar, Ohio, operates in iron and steel pipe and tube manufacturing from purchased steel (NAICS 331210). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $2,740,000, approved by The Huntington National Bank on June 30, 2026.
SBA 7(a) loan, change of ownership, approved Jun 30, 2026
$2,740,000 approvedLender: The Huntington National Bank13 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,740,000
- SBA-guaranteed amount
- $2,055,000 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, variable
- Term
- 13 years (156 months)
- Estimated maturity
- June 30, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $28,690 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 29, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- LLC or partnership
- NAICS
- 331210, Iron and Steel Pipe and Tube Manufacturing from Purchased Steel
- Project location
- Tuscarawas County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Iron and Steel Pipe and Tube Manufacturing from Purchased Steel: $1,828,125.
- 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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