Main Street Registry

Towne 401, LLC

Pineville, NC · Hotels (except Casino Hotels) and Motels · NAICS 721110

Towne 401, LLC is located in Pineville, NC, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan ($3,177,000 SBA portion) on June 11, 2024 to finance real estate or equipment.

Business type
Corporation
Business age reported
Change of Ownership

SBA 504 loans

ApprovedSBA portionBank portionProject sizeLenderCDCTermJobs supportedStatus
Jun 11, 2024$3,177,000$5,174,500$9,279,444 (estimated)The BancorpBusiness Expansion Funding Corporation25 years5Approved, not yet funded

Estimated project size is (SBA portion + bank portion) divided by 0.9, since the owner typically contributes about 10 percent. It is not an SBA-published figure.

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Same industry in North Carolina