High Ground Endeavors Inc.
High Ground Endeavors Inc. is an advertising material distribution services business in Gastonia, North Carolina, classified under NAICS code 541870. The company was financed with an SBA 7(a) loan for a change of ownership, approved on October 14, 2024, in the amount of $2.62 million through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Oct 14, 2024
- Gross approval
- $2,620,000
- SBA-guaranteed amount
- $1,965,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.35%, variable
- Term
- 12 years, 3 months (147 months)
- Estimated maturity
- January 14, 2037 (estimated, approval date plus term)
- Estimated monthly payment
- $30,000 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 25, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 37
- Business type
- Corporation
- NAICS
- 541870, Advertising Material Distribution Services
- Project location
- Gaston County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Advertising Material Distribution Services: $2,340,000.
- 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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