Piedmont Well Covers Acquisition LLC
Piedmont Well Covers Acquisition LLC is located in Mount Ulla, North Carolina, and operates in the All Other Plastics Product Manufacturing industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $3,515,000, with Truliant FCU as the lender and an approval date of March 13, 2026.
SBA 7(a) loan, change of ownership, approved Mar 13, 2026
$3,515,000 approvedLender: Truliant FCU10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,515,000
- SBA-guaranteed amount
- $2,636,250 (75% of the approval)
- Lender
- Truliant FCU, Winston-Salem, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 13, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $45,004 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 27, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 326199, All Other Plastics Product Manufacturing
- Project location
- Rowan County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 75% of acquisition loans in All Other Plastics Product Manufacturing on this site.
- Average acquisition loan in All Other Plastics Product Manufacturing: $2,387,535.
- 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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in North Carolina
- Ezmold Inc., Charlotte