William H. Molyneaux Tile Contracting, Inc
William H. Molyneaux Tile Contracting, Inc is a floor covering retailer in Verona, Pennsylvania, classified under NAICS code 449121. The company was financed with an SBA 7(a) loan for a change of ownership of $5 million, approved on September 24, 2025 by First Commonwealth Bank.
SBA 7(a) loan, change of ownership, approved Sep 24, 2025
$5,000,000 approvedLender: First Commonwealth Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- First Commonwealth Bank, Indiana, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 24, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $64,699 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 51
- Business type
- Corporation
- NAICS
- 449121, Floor Covering Retailers
- Project location
- Allegheny County, PA
- SBA district office
- Pittsburgh District Office
- Congressional district
- PA-17
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 96% of acquisition loans in Floor Covering Retailers on this site.
- Average acquisition loan in Floor Covering Retailers: $2,205,596.
- Average acquisition loan in Pennsylvania: $1,636,965.
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.
Is this your company? Claim or correct this listing. See Corrections.