Sherwood Hardware LLC
Sherwood Hardware LLC is located in Chester, CA, and the SBA lists its industry as Hardware Retailers. It was approved for an SBA 7(a) loan of $2,520,000 for a change of ownership on July 9, 2025.
SBA 7(a) loan, change of ownership, approved Jul 9, 2025
- Gross approval
- $2,520,000
- SBA-guaranteed amount
- $1,890,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 14 years, 6 months (174 months)
- Estimated maturity
- January 9, 2040 (estimated, approval date plus term)
- Estimated monthly payment
- $25,609 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 11, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 444140, Hardware Retailers
- Franchise
- Ace Hardware
- Project location
- Plumas County, CA
- SBA district office
- Sacramento District Office
- Congressional district
- CA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 78% of acquisition loans in Hardware Retailers on this site.
- Average acquisition loan in Hardware Retailers: $1,808,637.
- Average acquisition loan in California: $1,688,228.
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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Same industry in California
- Direct Tools & Fasteners, Inc., Burbank
- Wolf Ace Hardware, Plymouth
- CBM Hardware LLC, San Jose
- My Supply Store LLC, Santa Barbara
- Swanco Holdings, LLC, Oakdale