American Hertiage Fencing LLC
American Hertiage Fencing LLC is located in Raleigh, North Carolina, in the All Other Personal Services industry (NAICS 812990). The company was financed with an SBA 7(a) loan for a change of ownership of $1.8 million, approved on January 15, 2025, by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Jan 15, 2025
$1,782,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,782,000
- SBA-guaranteed amount
- $1,336,500 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 15, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $22,815 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 28, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 812990, All Other Personal Services
- Project location
- Wake County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 68% of acquisition loans in All Other Personal Services on this site.
- Average acquisition loan in All Other Personal Services: $1,504,156.
- 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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