USA Wood Concepts, Inc.
USA Wood Concepts, Inc. is a business in New Vineyard, Maine, in the All Other Miscellaneous Wood Product Manufacturing industry (NAICS 321999). The company was financed with an SBA 7(a) loan for a change of ownership of $4.16 million, approved on July 14, 2025, through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Jul 14, 2025
$4,162,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,162,000
- SBA-guaranteed amount
- $3,121,500 (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
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- July 14, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $36,363 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 25, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 57
- Business type
- Corporation
- NAICS
- 321999, All Other Miscellaneous Wood Product Manufacturing
- Project location
- Franklin County, ME
- SBA district office
- Maine District Office
- Congressional district
- ME-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 82% 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 Maine: $1,448,582.
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 Maine
- Whitney Originals, Inc., Whitneyville