Black Oak Collective LLC
Black Oak Collective LLC is a wood kitchen cabinet and countertop manufacturer located in Garfield Heights, Ohio. The company was financed with an SBA 7(a) loan for a change of ownership totaling $834,000, approved May 22, 2025, by Heritage Bank Inc.
SBA 7(a) loan, change of ownership, approved May 22, 2025
$834,000 approvedLender: Heritage Bank Inc10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $834,000
- SBA-guaranteed amount
- $625,500 (75% of the approval)
- Lender
- Heritage Bank Inc, Burlington, KY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 22, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $11,137 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 1, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 337110, Wood Kitchen Cabinet and Countertop Manufacturing
- Project location
- Cuyahoga County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 23% of acquisition loans in Wood Kitchen Cabinet and Countertop Manufacturing on this site.
- Average acquisition loan in Wood Kitchen Cabinet and Countertop Manufacturing: $1,828,277.
- Average acquisition loan in Ohio: $1,840,340.
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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