Norsan Broadcasting of North Carolina, LLC
Norsan Broadcasting of North Carolina, LLC is a radio broadcasting station business in Charlotte, North Carolina, in the Radio Broadcasting Stations industry. The company financed real estate or equipment through an SBA 504 loan of $1,291,000, approved January 2, 2024, with Community Bank of Pickens County as the lending bank and Business Expansion Funding Corporation as the certified development company.
SBA 504 loan, approved Jan 2, 2024
$1,291,000 SBA portionCDC: Business Expansion Funding Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,291,000
- Bank portion
- $1,576,500
- Estimated project size
- $3,186,111 (estimated)
- Estimated owner equity
- $318,611 (estimated, about 10% of the project)
- Bank lender
- Community Bank of Pickens County, Jasper, GA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 2, 2049 (estimated, approval date plus term)
- First disbursement
- Mar 11, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 516110, Radio Broadcasting Stations
- Project location
- Mecklenburg 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 Radio Broadcasting Stations: $1,879,500.
- 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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