2800 Henkle Drive LLP
2800 Henkle Drive LLP is a hardwood veneer and plywood manufacturer located in Lebanon, Ohio. The company financed real estate or equipment through an SBA 504 loan of $4,312,000, approved on February 12, 2025, through Heritage Bank Inc with Alloy Development Co., Inc. as the certified development company.
SBA 504 loan, approved Feb 12, 2025
$4,312,000 SBA portionCDC: Alloy Development Co., Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $4,312,000
- Bank portion
- $5,255,425
- Estimated project size
- $10,630,472 (estimated)
- Estimated owner equity
- $1,063,047 (estimated, about 10% of the project)
- Bank lender
- Heritage Bank Inc, Burlington, KY
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 12, 2050 (estimated, approval date plus term)
- First disbursement
- May 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Business type
- LLC or partnership
- NAICS
- 321211, Hardwood Veneer and Plywood Manufacturing
- Project location
- Warren County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Hardwood Veneer and Plywood Manufacturing: $2,669,500.
- Average expansion loan in Ohio: $2,096,556.
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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