Premier Wood Creations LLC
Premier Wood Creations LLC is a wood kitchen cabinet and countertop manufacturer located in Yorktown Heights, New York. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $2,550,000, approved on December 23, 2024, through Pathward National Association.
SBA 7(a) loan, change of ownership, approved Dec 23, 2024
$2,550,000 approvedLender: Pathward National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,550,000
- SBA-guaranteed amount
- $1,912,500 (75% of the approval)
- Lender
- Pathward National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 23, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $33,698 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 3, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 40
- Business type
- Corporation
- NAICS
- 337110, Wood Kitchen Cabinet and Countertop Manufacturing
- Project location
- Westchester County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-17
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 74% 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 New York: $1,771,512.
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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