Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers: SBA acquisition lenders
21 recorded SBA 7(a) acquisition approvals for Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers, FY2024–FY2026. Median approved loan: $1.3M. See lenders and activity by state.
- Acquisitions financed
- 21
- Total approved
- $36.9M
- Median loan
- $1.3M
- Middle half of loans
- $500K to $2.7M
- Median starting rate
- 9.00%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in this industry
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 2 | 10% | $1.4M | $2.9M |
| 2 | Live Oak Banking Company | 2 | 10% | $1.3M | $2.5M |
| 3 | WesBanco Bank, Inc. | 2 | 10% | $750K | $1.5M |
| 4 | Harborstone CU | 2 | 10% | $662K | $1.3M |
| 5 | Beacon Bank and Trust | 1 | 5% | $4.9M | $4.9M |
| 6 | Pathward National Association | 1 | 5% | $3.9M | $3.9M |
| 7 | Midwest BankCentre | 1 | 5% | $3.3M | $3.3M |
| 8 | Truist Bank | 1 | 5% | $3.1M | $3.1M |
| 9 | Emprise Bank | 1 | 5% | $2.8M | $2.8M |
| 10 | Alerus Financial, National Association | 1 | 5% | $2.6M | $2.6M |
| 11 | TowneBank | 1 | 5% | $2.5M | $2.5M |
| 12 | Univest Bank and Trust Co | 1 | 5% | $1.8M | $1.8M |
| 13 | ServisFirst Bank | 1 | 5% | $1.3M | $1.3M |
| 14 | Washington Trust Bank | 1 | 5% | $1.2M | $1.2M |
| 15 | Fifth Third Bank | 1 | 5% | $786K | $786K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Ohio | 4 | $750K | $4.4M |
| Washington | 3 | $824K | $2.5M |
| Florida | 2 | $2.8M | $5.6M |
| Arkansas | 2 | $1.8M | $3.7M |
| Colorado | 2 | $1.3M | $2.5M |
| Georgia | 1 | $3.9M | $3.9M |
| Tennessee | 1 | $3.1M | $3.1M |
| Kansas | 1 | $2.8M | $2.8M |
| North Dakota | 1 | $2.6M | $2.6M |
| New York | 1 | $2.5M | $2.5M |
| Maryland | 1 | $1.8M | $1.8M |
| Alabama | 1 | $1.3M | $1.3M |
| Arizona | 1 | $310K | $310K |