13812 South Figueroa, LLC
13812 South Figueroa, LLC is a business in High Point, North Carolina, classified under piece goods, notions, and other dry goods merchant wholesaling. The company financed real estate or equipment through an SBA 504 loan of $1.769 million, with the SBA portion approved through Carolina Business Capital, Inc. and the bank portion through Enterprise Bank & Trust on December 21, 2023.
SBA 504 loan, approved Dec 21, 2023
$1,769,000 SBA portionCDC: Carolina Business Capital, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,769,000
- Bank portion
- $1,934,800
- Estimated project size
- $4,115,333 (estimated)
- Estimated owner equity
- $411,533 (estimated, about 10% of the project)
- Bank lender
- Enterprise Bank & Trust, Clayton, MO
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- December 21, 2048 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Business type
- Corporation
- NAICS
- 424310, Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers
- Project location
- Guilford County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-6
- Collateral
- Yes
Estimated share of project by source
Bank 47% SBA (CDC) 43% Owner 10%
- Larger than 23% of expansion loans in Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers on this site.
- Average expansion loan in Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers: $2,217,846.
- Average expansion loan in North Carolina: $2,167,577.
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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