Nineteen and Thirty-One, Inc.
Nineteen and Thirty-One, Inc. is a translation and interpretation services business in Kernersville, North Carolina. The company was financed with an SBA 7(a) loan for a change of ownership of $1,950,000, approved on May 23, 2025 by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved May 23, 2025
$1,950,000 approvedLender: Live Oak Banking Company10 years termPaid in fullLoan details
- Gross approval
- $1,950,000
- SBA-guaranteed amount
- $1,462,500 (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%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 23, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $24,702 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 24, 2025
- Loan status
- Paid in full
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 541930, Translation and Interpretation Services
- Project location
- Forsyth County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Translation and Interpretation Services: $2,082,500.
- 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
- All Languages Specialists, Inc., Harrisburg