Americraft Holdings, LLC
Americraft Holdings, LLC, located in Wilkesboro, NC, operates in the other construction material merchant wholesalers industry (NAICS 423390). The business was financed with an SBA 7(a) loan for a change of ownership of $1,204,000, approved on May 14, 2024 by Beacon Bank and Trust.
SBA 7(a) loan, change of ownership, approved May 14, 2024
$1,204,000 approvedLender: Beacon Bank and Trust107 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,204,000
- SBA-guaranteed amount
- $903,000 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 8 years, 11 months (107 months)
- Estimated maturity
- April 14, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $17,706 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 423390, Other Construction Material Merchant Wholesalers
- Project location
- Wilkes 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)
- Larger than 25% of acquisition loans in Other Construction Material Merchant Wholesalers on this site.
- Average acquisition loan in Other Construction Material Merchant Wholesalers: $2,239,433.
- 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.
Is this your company? Claim or correct this listing. See Corrections.