Clothing World
Clothing World, located in Columbia, South Carolina, is classified in the clothing and clothing accessories retailers industry (NAICS 458110). The business was financed with an SBA 7(a) loan for a change of ownership totaling $3.2 million, approved by United Community Bank with an approval date of June 9, 2026, and reported 19 jobs.
SBA 7(a) loan, change of ownership, approved Jun 9, 2026
$3,225,000 approvedLender: United Community Bank203 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,225,000
- SBA-guaranteed amount
- $2,418,750 (75% of the approval)
- Lender
- United Community Bank, Greenville, SC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.25%, variable
- Term
- 16 years, 11 months (203 months)
- Estimated maturity
- May 9, 2043 (estimated, approval date plus term)
- Estimated monthly payment
- $27,614 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 30, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 19
- Business type
- Corporation
- NAICS
- 458110, Clothing and Clothing Accessories Retailers
- Project location
- Richland County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 92% of acquisition loans in Clothing and Clothing Accessories Retailers on this site.
- Average acquisition loan in Clothing and Clothing Accessories Retailers: $1,439,812.
- Average acquisition loan in South Carolina: $1,827,509.
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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