CNAA Consulting, Inc.
CNAA Consulting, Inc. is located in Charlotte, NC, and the SBA lists its industry as Medical Laboratories. It was approved for an SBA 7(a) loan of $825,000 for a change of ownership on September 9, 2024.
SBA 7(a) loan, change of ownership, approved Sep 9, 2024
- Gross approval
- $825,000
- SBA-guaranteed amount
- $618,750 (75% of the approval)
- Lender
- United Community Bank, Greenville, SC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 9, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $11,248 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 621511, Medical Laboratories
- Franchise
- Any LabTest Now
- Project location
- Mecklenburg County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Medical Laboratories: $1,996,440.
- 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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