VALLEY WOODCRAFT and LUMBER CO., INC
VALLEY WOODCRAFT and LUMBER CO., INC, located in Wilkes Barre, PA, operates 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, in the amount of $727,500, through The Huntington National Bank, with approval dated February 17, 2025.
SBA 7(a) loan, change of ownership, approved Feb 17, 2025
$727,500 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $727,500
- SBA-guaranteed amount
- $545,625 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 17, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $9,216 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 26, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- Corporation
- NAICS
- 321999, All Other Miscellaneous Wood Product Manufacturing
- Project location
- Luzerne County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 36% 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 Pennsylvania: $1,636,965.
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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