Thanks to a loan partnership between SEDA-COG and Timberhaven Log & Timber Homes, LLC, the business has increased its revenues by 10 to 15 percent and hired two full-time employees.
In 2014, SEDA-COG financed the purchase of machinery and equipment with a $97,600 SEDA-COG EDA-RLF loan for the company that was then located in Lewisburg. (The company later moved to Middleburg.) Additional financing from Mifflinburg Bank & Trust Company in the amount of $122,000 and cash equity in the amount of $24,400 completed the financing for the $244,000 project.
The equipment included dust-collection equipment, a large planer, laminating equipment, forklifts, saws, a conveyor system, and more.
SEDA-COG’s Export Development Program also helped the company export their product to Ireland. With the Export team’s assistance, Timberhaven made modifications to their standard operating procedures to complete the international project. Through many conversations and a half-day site visit, the company worked hand-in-hand with SEDA-COG to thoroughly educate themselves on export compliance, shipping and logistics, and required testing procedures for their wood materials.
Joe Folker, principal and co-owner of Timberhaven, said SEDA-COG went above and beyond to help his company.
“We really appreciate the relationship; SEDA-COG staff are very helpful,” Folker said. “It’s more than handing out a loan or introducing people – they go over and above the normal course of responsibilities.”
Timberhaven Log & Timber Homes manufactures quality, affordable kiln-dried log homes, timber frame homes, and log cabins. With the most highly trained and skilled professionals in the log-home industry, Timberhaven has an employee average of 22 years’ experience producing quality kiln-dried log homes and log cabins.
SEDA-COG’s Business Finance staff can help you find the loan that’s right for you. Contact us today to start a partnership at 570-524-4491 or firstname.lastname@example.org.