Pirtek Charlotte
Pirtek Charlotte is located in Charlotte, NC, and the SBA lists its industry as Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance. It was approved for an SBA 7(a) loan of $500,000 for a change of ownership on October 29, 2024.
SBA 7(a) loan, change of ownership, approved Oct 29, 2024
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (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
- 10.49%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 29, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,744 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 811310, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
- Project location
- Mecklenburg County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance: $1,576,060.
- 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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