Timm and Company LLC
Timm and Company LLC is located in Powell, OH, and the SBA lists its industry as New Single-Family Housing Construction (except For-Sale Builders). It was approved for an SBA 7(a) loan of $3,312,500 for a change of ownership on June 27, 2025.
SBA 7(a) loan, change of ownership, approved Jun 27, 2025
- Gross approval
- $3,312,500
- SBA-guaranteed amount
- $2,484,375 (75% of the approval)
- Lender
- T Bank, National Association, Dallas, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 27, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $43,318 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 236115, New Single-Family Housing Construction (except For-Sale Builders)
- Project location
- Delaware County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-12
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 81% of acquisition loans in New Single-Family Housing Construction (except For-Sale Builders) on this site.
- Average acquisition loan in New Single-Family Housing Construction (except For-Sale Builders): $2,231,419.
- 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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Same industry in Ohio
- Alexander Crest Construction, LLC, Columbus
- Compass Homes, Inc., Columbus