NND Investments LLC
NND Investments LLC, located in Raleigh, North Carolina, operates in the All Other Miscellaneous Retailers industry (NAICS 459999). The company was financed with an SBA 7(a) loan for a change of ownership, approved for $600,000 by Citizens Bank on December 5, 2024, with a reported 6 jobs.
SBA 7(a) loan, change of ownership, approved Dec 5, 2024
$600,000 approvedLender: Citizens Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $600,000
- SBA-guaranteed amount
- $450,000 (75% of the approval)
- Lender
- Citizens Bank, Elizabethton, TN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 5, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,012 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 22, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 459999, All Other Miscellaneous Retailers
- Project location
- Wake County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 13% of acquisition loans in All Other Miscellaneous Retailers on this site.
- Average acquisition loan in All Other Miscellaneous Retailers: $1,546,818.
- 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
- Vanguard Essentials, Charlotte
- Vista Auction LLC, Monroe