Seaside Furniture Gallery & Accents
Seaside Furniture Gallery & Accents, located in Little River, SC, operates in the furniture retailers industry (NAICS 449110). It financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,681,000, approved on June 13, 2024, through Pinnacle Bank with a 300-month term, and the loan reports 2 jobs.
SBA 504 loan, approved Jun 13, 2024
$1,681,000 SBA portionCDC: Certified Development Corporation of South Carolina25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,681,000
- Bank portion
- $2,452,481
- Estimated project size
- $4,592,757 (estimated)
- Estimated owner equity
- $459,276 (estimated, about 10% of the project)
- Bank lender
- Pinnacle Bank, Nashville, TN
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- June 13, 2049 (estimated, approval date plus term)
- First disbursement
- Sep 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 449110, Furniture Retailers
- Project location
- Horry County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-7
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Larger than 34% of expansion loans in Furniture Retailers on this site.
- Average expansion loan in Furniture Retailers: $2,338,737.
- Average expansion loan in South Carolina: $2,088,205.
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 South Carolina
- J&K Home Furnishings, Goose Creek
- Savvy Shopper Aiken, LLC, Aiken