Adaptfirst Investments LLC
Adaptfirst Investments LLC is a business located in Kernersville, North Carolina, in the portfolio management and investment advice industry (NAICS 523940). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1.3 million approved on June 26, 2024 through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Jun 26, 2024
$1,300,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,300,000
- SBA-guaranteed amount
- $975,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.69%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 26, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $16,957 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 9, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 523940, Portfolio Management and Investment Advice
- Project location
- Forsyth County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 58% of acquisition loans in Portfolio Management and Investment Advice on this site.
- Average acquisition loan in Portfolio Management and Investment Advice: $1,481,771.
- 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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Same industry in North Carolina
- TriCapital Investment Inc, Charlotte