Ola Way LLC
Ola Way LLC is a lumber, plywood, millwork, and wood panel merchant wholesaler located in Paradise, Pennsylvania. The business was approved for an SBA 504 loan of $2,200,000 financed through Univest Bank and Trust Co and EDC Finance Corporation, with an approval date of April 12, 2026, to finance real estate or equipment through an SBA 504 loan.
SBA 504 loan, approved Apr 12, 2026
$2,200,000 SBA portionCDC: EDC Finance Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,200,000
- Bank portion
- $2,675,000
- Estimated project size
- $5,416,667 (estimated)
- Estimated owner equity
- $541,667 (estimated, about 10% of the project)
- Bank lender
- Univest Bank and Trust Co, Souderton, PA
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- April 12, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 42
- Business type
- Corporation
- NAICS
- 423310, Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers
- Project location
- Lancaster County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-11
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 46% of expansion loans in Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers on this site.
- Average expansion loan in Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers: $2,675,615.
- Average expansion loan in Pennsylvania: $2,212,724.
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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