Woodco Prefinishing, Inc
Woodco Prefinishing, Inc, located in Blaine, Minnesota, operates in wood window and door manufacturing (NAICS 321911). The company was financed with an SBA 7(a) loan for a change of ownership of $3 million, approved on May 23, 2025 through 21st Century Bank.
SBA 7(a) loan, change of ownership, approved May 23, 2025
$3,000,000 approvedLender: 21st Century Bank135 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,000,000
- SBA-guaranteed amount
- $2,250,000 (75% of the approval)
- Lender
- 21st Century Bank, Loretto, MN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 11 years, 3 months (135 months)
- Estimated maturity
- August 23, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $35,415 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 9, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 22
- Business type
- Corporation
- NAICS
- 321911, Wood Window and Door Manufacturing
- Project location
- Anoka 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)
- Average acquisition loan in Wood Window and Door Manufacturing: $1,968,225.
- 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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