Carolina Creative Pools & Spas LLC
Carolina Creative Pools & Spas LLC is located in Durham, NC, and the SBA lists its industry as All Other Specialty Trade Contractors. It was approved for an SBA 7(a) loan of $1,581,700 for a change of ownership on May 5, 2025.
SBA 7(a) loan, change of ownership, approved May 5, 2025
- Gross approval
- $1,581,700
- SBA-guaranteed amount
- $1,186,275 (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
- 8.25%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- May 5, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $19,400 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 22, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 238990, All Other Specialty Trade Contractors
- Project location
- Durham County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 52% of acquisition loans in All Other Specialty Trade Contractors on this site.
- Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
- 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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