Main Street Registry

Triad Home Improvements

Winston Salem, NC · Residential Remodelers · NAICS 236118

Triad Home Improvements, located in Winston Salem, North Carolina, operates in the residential remodelers industry (NAICS 236118). The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $500,000, approved on December 19, 2024 by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Dec 19, 2024

$500,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
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
9.75%, variable
Term
10 years (120 months)
Estimated maturity
December 19, 2034 (estimated, approval date plus term)
Estimated monthly payment
$6,539 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 13, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
236118, Residential Remodelers
Project location
Forsyth County, NC
SBA district office
North Carolina District Office
Congressional district
NC-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Average acquisition loan in Residential Remodelers: $1,623,835.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in North Carolina