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Timberland Exteriors, Inc

Saint Paul, MN · All Other Specialty Trade Contractors · NAICS 238990

Timberland Exteriors, Inc, located in Saint Paul, Minnesota, operates in the All Other Specialty Trade Contractors industry (NAICS 238990). The business was financed with an SBA 7(a) loan for a change of ownership, with two loans of $500,000 and $2,336,700 approved on December 29, 2023 by Old National Bank.

SBA 7(a) loan, change of ownership, approved Dec 29, 2023

$2,336,700 approvedLender: Old National Bank119 months termStatus not reported (SBA exemption)Loan details
Gross approval
$2,336,700
SBA-guaranteed amount
$1,752,525 (75% of the approval)
Lender
Old National Bank, Evansville, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.35%, fixed
Term
9 years, 11 months (119 months)
Estimated maturity
November 29, 2033 (estimated, approval date plus term)
Estimated monthly payment
$28,940 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 5, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
50
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Washington County, MN
SBA district office
Minnesota District Office
Congressional district
MN-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 71% of acquisition loans in All Other Specialty Trade Contractors on this site.
  • Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
  • Average acquisition loan in Minnesota: $1,482,119.

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.

SBA 7(a) loan, change of ownership, approved Dec 29, 2023

$500,000 approvedLender: Old National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$500,000
SBA-guaranteed amount
$250,000 (50% of the approval)
Lender
Old National Bank, Evansville, IN
Processing method
SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
December 29, 2033 (estimated, approval date plus term)
Estimated monthly payment
$6,608 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 14, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
50
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Washington County, MN
SBA district office
Minnesota District Office
Congressional district
MN-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
Yes
  • Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
  • Average acquisition loan in Minnesota: $1,482,119.

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 Minnesota