Baucom Business Plaza LLC
Baucom Business Plaza LLC is a general warehousing and storage business located in Fuquay-Varina, North Carolina. It financed real estate or equipment through an SBA 504 loan with an SBA portion of $3,363,000, approved on September 24, 2024, through Business Expansion Funding Corporation with Live Oak Banking Company as the bank partner.
SBA 504 loan, approved Sep 24, 2024
$3,363,000 SBA portionCDC: Business Expansion Funding Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $3,363,000
- Bank portion
- $4,451,000
- Estimated project size
- $8,682,222 (estimated)
- Estimated owner equity
- $868,222 (estimated, about 10% of the project)
- Bank lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 24, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 493110, General Warehousing and Storage
- Project location
- Harnett County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-2
- Collateral
- Yes
Estimated share of project by source
Bank 51% SBA (CDC) 39% Owner 10%
- Larger than 55% of expansion loans in General Warehousing and Storage on this site.
- Average expansion loan in General Warehousing and Storage: $3,265,773.
- Average expansion loan in North Carolina: $2,167,577.
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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