Main Street Registry

Badger Fortress L.L.C.

Huntersville, NC · Other Computer Related Services · NAICS 541519

Badger Fortress L.L.C. is a business in Huntersville, North Carolina, in the other computer related services industry (NAICS 541519). It was financed with an SBA 7(a) loan for a change of ownership totaling $4.1 million, approved on April 25, 2024, through Live Oak Banking Company, and the loan is reported with 23 jobs.

SBA 7(a) loan, change of ownership, approved Apr 25, 2024

$4,100,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,100,000
SBA-guaranteed amount
$3,075,000 (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
9.75%, variable
Term
10 years (120 months)
Estimated maturity
April 25, 2034 (estimated, approval date plus term)
Estimated monthly payment
$53,616 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 3, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
23
Business type
Corporation
NAICS
541519, Other Computer Related Services
Project location
Mecklenburg County, NC
SBA district office
North Carolina District Office
Congressional district
NC-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 85% of acquisition loans in Other Computer Related Services on this site.
  • Average acquisition loan in Other Computer Related Services: $2,041,531.
  • 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