Carolina Septic, Inc.
Carolina Septic, Inc. is located in Kernersville, NC, and the SBA lists its industry as Septic Tank and Related Services. It was approved for an SBA 7(a) loan of $650,000 for a change of ownership on November 20, 2024.
SBA 7(a) loan, change of ownership, approved Nov 20, 2024
- Gross approval
- $650,000
- SBA-guaranteed amount
- $487,500 (75% of the approval)
- Lender
- First National Bank of Pennsylvania, Greenville, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.82%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 20, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,825 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 5, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 562991, Septic Tank and Related Services
- Project location
- Forsyth County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 15% of acquisition loans in Septic Tank and Related Services on this site.
- Average acquisition loan in Septic Tank and Related Services: $1,540,362.
- 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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