Main Street Registry

Morgan Fifth Street Holdings, LLC

Oakboro, NC · Reupholstery and Furniture Repair · NAICS 811420

Morgan Fifth Street Holdings, LLC is a business in Oakboro, North Carolina, in the reupholstery and furniture repair industry (NAICS 811420). The company financed real estate or equipment through an SBA 504 loan of $1,236,000 (SBA portion), approved on April 21, 2026, with American Bank of the Carolinas d/b/a American Bank as the lender and Business Expansion Funding Corporation as the certified development company.

SBA 504 loan, approved Apr 21, 2026

$1,236,000 SBA portionCDC: Business Expansion Funding Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,236,000
Bank portion
$1,500,000
Estimated project size
$3,040,000 (estimated)
Estimated owner equity
$304,000 (estimated, about 10% of the project)
Bank lender
American Bank of the Carolinas d/b/a American Bank, Monroe, NC
CDC
Business Expansion Funding Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 21, 2051 (estimated, approval date plus term)
First disbursement
Sep 16, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
811420, Reupholstery and Furniture Repair
Project location
Stanly County, NC
SBA district office
North Carolina District Office
Congressional district
NC-8
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Average expansion loan in Reupholstery and Furniture Repair: $1,515,600.
  • Average expansion loan in North Carolina: $2,167,577.

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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