Wilmot Lumber Yard, Inc.
Wilmot Lumber Yard, Inc. is located in Wilmot, SD, and the SBA lists its industry as Other Building Material Dealers. It was approved for an SBA 7(a) loan of $1,115,000 for a change of ownership on December 9, 2025.
SBA 7(a) loan, change of ownership, approved Dec 9, 2025
- Gross approval
- $1,115,000
- SBA-guaranteed amount
- $836,250 (75% of the approval)
- Lender
- Minnwest Bank, Redwood Falls, MN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 9, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $13,824 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 444180, Other Building Material Dealers
- Project location
- Roberts County, SD
- SBA district office
- South Dakota District Office
- Congressional district
- SD-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 39% of acquisition loans in Other Building Material Dealers on this site.
- Average acquisition loan in Other Building Material Dealers: $1,898,107.
- Average acquisition loan in South Dakota: $1,631,547.
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 South Dakota
- 740 Property, LLC, Sioux Falls