Heartwood Custom Woodworks, LLC
Heartwood Custom Woodworks, LLC is a custom architectural woodwork and millwork manufacturing business located in Eagle, Colorado. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $750,000, approved on June 26, 2025 by PNC Bank, National Association.
SBA 7(a) loan, change of ownership, approved Jun 26, 2025
$750,000 approvedLender: PNC Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $750,000
- SBA-guaranteed amount
- $562,500 (75% of the approval)
- Lender
- PNC Bank, National Association, Wilmington, DE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- June 26, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $8,903 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 8, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- Corporation
- NAICS
- 337212, Custom Architectural Woodwork and Millwork Manufacturing
- Project location
- Eagle County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Custom Architectural Woodwork and Millwork Manufacturing: $2,556,843.
- Average acquisition loan in Colorado: $1,608,658.
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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