88 Unlimited, LLC
88 Unlimited, LLC is a business in Hickory, NC in the toy and hobby goods and supplies merchant wholesalers industry (NAICS 423920). The company was financed with an SBA 7(a) loan for a change of ownership of $2,235,000, approved on December 13, 2025 by Beacon Bank and Trust.
SBA 7(a) loan, change of ownership, approved Dec 13, 2025
$2,235,000 approvedLender: Beacon Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,235,000
- SBA-guaranteed amount
- $2,011,500 (90% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- International Trade Loan: for businesses that export or are preparing to
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 13, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $28,920 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 423920, Toy and Hobby Goods and Supplies Merchant Wholesalers
- Project location
- Catawba County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Toy and Hobby Goods and Supplies Merchant Wholesalers: $1,836,125.
- Average acquisition loan in North Carolina: $1,952,444.
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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