630 Ash LLC
630 Ash LLC is a business in Yonkers, New York, operating in the lumber, plywood, millwork, and wood panel merchant wholesale industry (NAICS 423310). It financed real estate or equipment through an SBA 504 loan of $1,099,000, approved on June 23, 2025, through Webster Bank National Association with Business Initiative Corporation of New York as the certified development company.
SBA 504 loan, approved Jun 23, 2025
- SBA (CDC) portion
- $1,099,000
- Bank portion
- $1,339,500
- Estimated project size
- $2,709,444 (estimated)
- Estimated owner equity
- $270,944 (estimated, about 10% of the project)
- Bank lender
- Webster Bank National Association, Waterbury, CT
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- June 23, 2050 (estimated, approval date plus term)
- First disbursement
- Aug 13, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 423310, Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers
- Project location
- Westchester County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-16
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 8% of expansion loans in Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers on this site.
- Average expansion loan in Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers: $2,675,615.
- Average expansion loan in New York: $2,225,161.
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 New York
- US Lumber Supply I Incorporated, Lynbrook