Main Street Registry

McSwain's Southern Diner, LLC

Whiteville, NC · Full-Service Restaurants · NAICS 722511

McSwain's Southern Diner, LLC is a full-service restaurant business in Whiteville, NC, classified under the industry Full-Service Restaurants. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $648,800, approved by lender GBank on September 8, 2026.

SBA 7(a) loan, change of ownership, approved Sep 8, 2026

$648,800 approvedLender: GBank25 years termCommitted, not fully disbursedLoan details
Gross approval
$648,800
SBA-guaranteed amount
$486,600 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, fixed
Term
25 years (300 months)
Estimated maturity
September 8, 2051 (estimated, approval date plus term)
Estimated monthly payment
$5,115 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
16
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Columbus County, NC
SBA district office
North Carolina District Office
Congressional district
NC-07
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 21% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • 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