Blue Mountain Woodworks, Inc.
Blue Mountain Woodworks, Inc., located in Hagerstown, Maryland, is classified in hardwood veneer and plywood manufacturing. The company was financed with an SBA 7(a) loan for a change of ownership of $3,351,000, with Banc of California as the lender and a loan approval date of December 2, 2024.
SBA 7(a) loan, change of ownership, approved Dec 2, 2024
$3,351,000 approvedLender: Banc of California10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,351,000
- SBA-guaranteed amount
- $2,513,250 (75% of the approval)
- Lender
- Banc of California, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 2, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $40,657 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 321211, Hardwood Veneer and Plywood Manufacturing
- Project location
- Washington County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Hardwood Veneer and Plywood Manufacturing: $2,241,000.
- Average acquisition loan in Maryland: $1,627,337.
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 Maryland
- Douglas Industries, Inc., Frederick