Main Street Registry

Tremont Lumber and Hardware Inc

Averill Park, NY · Hardware Retailers · NAICS 444140

Tremont Lumber and Hardware Inc is a hardware retailer in Averill Park, New York, operating as an Ace Hardware franchise. The company was financed with an SBA 7(a) loan for a change of ownership, totaling $3.3 million, approved by Community Bank, National Association, with an approval date of August 20, 2026. The loan is reported with 36 jobs.

SBA 7(a) loan, change of ownership, approved Aug 20, 2026

$3,300,000 approvedLender: Community Bank, National Association25 years termCommitted, not fully disbursedLoan details
Gross approval
$3,300,000
SBA-guaranteed amount
$2,475,000 (75% of the approval)
Lender
Community Bank, National Association, Canton, NY
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
7%, variable
Term
25 years (300 months)
Estimated maturity
August 20, 2051 (estimated, approval date plus term)
Estimated monthly payment
$23,324 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
36
Business type
Corporation
NAICS
444140, Hardware Retailers
Franchise
Ace Hardware
Project location
Rensselaer County, NY
SBA district office
Syracuse District Office
Congressional district
NY-19
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 85% of acquisition loans in Hardware Retailers on this site.
  • Average acquisition loan in Hardware Retailers: $1,808,637.
  • 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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