Shop Dawg Signs, LLC
Shop Dawg Signs, LLC is a sign manufacturing business in Wake Forest, North Carolina. It was financed with an SBA 7(a) loan for a change of ownership of $1,162,000, approved by North State Bank on December 21, 2023.
SBA 7(a) loan, change of ownership, approved Dec 21, 2023
$1,162,000 approvedLender: North State Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,162,000
- SBA-guaranteed amount
- $871,500 (75% of the approval)
- Lender
- North State Bank, Raleigh, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 21, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $16,007 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 2, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 339950, Sign Manufacturing
- Project location
- Wake County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 42% of acquisition loans in Sign Manufacturing on this site.
- Average acquisition loan in Sign Manufacturing: $1,489,948.
- 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
- All Star Signs, Charlotte