Heritage Flooring Co of SC, LLC
Heritage Flooring Co of SC, LLC is a flooring contractor in Charleston, South Carolina, in the NAICS category for Flooring Contractors. The company was financed with an SBA 7(a) loan for a change of ownership of $3,382,000, approved on August 22, 2025, by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Aug 22, 2025
$3,382,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,382,000
- SBA-guaranteed amount
- $2,536,500 (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
- 7.5%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- August 22, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $40,145 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 238330, Flooring Contractors
- Project location
- Berkeley County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 89% of acquisition loans in Flooring Contractors on this site.
- Average acquisition loan in Flooring Contractors: $1,653,780.
- 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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