Millcreek Millworks, Inc.
Millcreek Millworks, Inc. is a business in Youngstown, Ohio, classified under NAICS 321999 for All Other Miscellaneous Wood Product Manufacturing. It was financed with an SBA 7(a) loan for a change of ownership in the amount of $685,000, approved on May 13, 2025, through The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved May 13, 2025
$685,000 approvedLender: The Huntington National Bank17 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $685,000
- SBA-guaranteed amount
- $513,750 (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
- 6.99%, fixed
- Term
- 17 years (204 months)
- Estimated maturity
- May 13, 2042 (estimated, approval date plus term)
- Estimated monthly payment
- $5,748 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 5, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 321999, All Other Miscellaneous Wood Product Manufacturing
- Project location
- Mahoning County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 18% of acquisition loans in All Other Miscellaneous Wood Product Manufacturing on this site.
- Average acquisition loan in All Other Miscellaneous Wood Product Manufacturing: $1,924,909.
- 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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