Myers Trading Company, LLC
Myers Trading Company, LLC, located in Washington, NC, operates in the motorcycle, ATV, and all other motor vehicle dealers industry (NAICS 441227). The company was financed with an SBA 7(a) loan for a change of ownership of $5 million, approved on January 28, 2026, by Beacon Bank and Trust.
SBA 7(a) loan, change of ownership, approved Jan 28, 2026
$5,000,000 approvedLender: Beacon Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 28, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $64,016 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 7, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 441227, Motorcycle, ATV, and All Other Motor Vehicle Dealers
- Project location
- Beaufort 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 93% of acquisition loans in Motorcycle, ATV, and All Other Motor Vehicle Dealers on this site.
- Average acquisition loan in Motorcycle, ATV, and All Other Motor Vehicle Dealers: $2,557,093.
- 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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