Lautares Jewelers
Lautares Jewelers, located in Greenville, NC, operates in the jewelry retailers industry (NAICS 458310). The business was financed with an SBA 7(a) loan for a change of ownership of $1,657,500, approved on November 20, 2025, through First Bank.
SBA 7(a) loan, change of ownership, approved Nov 20, 2025
$1,657,500 approvedLender: First Bank13 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,657,500
- SBA-guaranteed amount
- $1,243,125 (75% of the approval)
- Lender
- First Bank, Southern Pines, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 13 years (156 months)
- Estimated maturity
- November 20, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $18,061 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 8, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 458310, Jewelry Retailers
- Project location
- Pitt County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 71% of acquisition loans in Jewelry Retailers on this site.
- Average acquisition loan in Jewelry Retailers: $1,347,143.
- 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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Same industry in North Carolina
- KNK Jewelry Holdings, Inc., Goldston