Signing Carolina Inc
Signing Carolina Inc, located in Glen Allen, VA, operates in the All Other Legal Services industry (NAICS 541199). The company was financed with an SBA 7(a) loan for a change of ownership of $719,000, approved on December 5, 2025 by Milestone Bank.
SBA 7(a) loan, change of ownership, approved Dec 5, 2025
$719,000 approvedLender: Milestone Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $719,000
- SBA-guaranteed amount
- $539,250 (75% of the approval)
- Lender
- Milestone Bank, Salt Lake City, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 5, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $9,402 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 22, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 541199, All Other Legal Services
- Project location
- Henrico County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in All Other Legal Services: $964,000.
- Average acquisition loan in Virginia: $1,860,760.
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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