Beard Hardwoods Inc.

2801 Thurston Ave, Greensboro, NC 27406 · Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (NAICS 423310)

Loan Summary

Source: SBA FOIA Loan-Level Data

Total Loans

7

Total Amount

$21.0M

Jobs Supported

233

Years Active

2016–2021

Loan History (7)

Source: SBA FOIA
7(a)$3,000,000
Paid in Full
Approved
Oct 1, 2020 (FY2021)
SBA Guaranteed
$2,700,000 (90%)
Term
12 months (1.0 yrs)
Interest Rate
2.80%
Revolver
1
Jobs Supported
34
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (NAICS 423310)
Paid in Full
Aug 31, 2021

Lender

Truist Bank

214 N Tryon St, Charlotte, NC 28202

Project Location

Guilford County, NC

7(a)$3,000,000
Paid in Full
Approved
Sep 30, 2021 (FY2021)
SBA Guaranteed
$2,700,000 (90%)
Term
11 months
Interest Rate
2.70%
Revolver
1
Jobs Supported
35
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (NAICS 423310)
Paid in Full
Nov 30, 2022

Lender

Truist Bank

214 N Tryon St, Charlotte, NC 28202

Project Location

Guilford County, NC

7(a)$3,000,000
Paid in Full
Approved
Sep 18, 2019 (FY2019)
SBA Guaranteed
$2,700,000 (90%)
Term
12 months (1.0 yrs)
Interest Rate
4.92%
Revolver
1
Jobs Supported
34
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (NAICS 423310)
Paid in Full
Sep 30, 2020

Lender

Truist Bank

214 N Tryon St, Charlotte, NC 28202

Project Location

Guilford County, NC

7(a)$3,000,000
Paid in Full
Approved
Oct 9, 2018 (FY2019)
SBA Guaranteed
$2,700,000 (90%)
Term
12 months (1.0 yrs)
Interest Rate
4.92%
Revolver
1
Jobs Supported
32
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (NAICS 423310)
Paid in Full
Aug 31, 2019

Lender

Truist Bank

214 N Tryon St, Charlotte, NC 28202

Project Location

Guilford County, NC

7(a)$3,000,000
Paid in Full
Approved
Oct 12, 2017 (FY2018)
SBA Guaranteed
$2,700,000 (90%)
Term
12 months (1.0 yrs)
Interest Rate
3.98%
Revolver
1
Jobs Supported
32
Business Type
Corporation
Business Age
Existing, 5 or More Years
Industry
Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (NAICS 423310)
Paid in Full
Oct 31, 2018

Lender

Truist Bank

214 N Tryon St, Charlotte, NC 28202

Project Location

Guilford County, NC

7(a)$3,000,000
Paid in Full
Approved
Nov 3, 2016 (FY2017)
SBA Guaranteed
$2,700,000 (90%)
Term
12 months (1.0 yrs)
Interest Rate
3.75%
Revolver
1
Jobs Supported
32
Business Type
Corporation
Industry
Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (NAICS 423310)
Paid in Full
Sep 30, 2017

Lender

Truist Bank

214 N Tryon St, Charlotte, NC 28202

Project Location

Guilford County, NC

7(a)$3,000,000
Paid in Full
Approved
Nov 10, 2015 (FY2016)
SBA Guaranteed
$2,700,000 (90%)
Term
12 months (1.0 yrs)
Interest Rate
3.75%
Revolver
1
Jobs Supported
34
Business Type
Corporation
Industry
Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (NAICS 423310)
Paid in Full
Sep 30, 2016

Lender

Truist Bank

214 N Tryon St, Charlotte, NC 28202

Project Location

Guilford County, NC

Business Details

Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
NAICS Code
423310 — Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers
Address
2801 Thurston Ave
Greensboro, NC 27406

Lender

Truist Bank
214 N Tryon St, Charlotte, NC 28202

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