Whitney Blair Custom Homes LLC
Whitney Blair Custom Homes LLC, located in Ocean Isle Beach, North Carolina, operates in the New Single-Family Housing Construction (except For-Sale Builders) industry. The company was financed with an SBA 7(a) loan for a change of ownership of $2,829,000, approved on April 23, 2024 by Bank of Oak Ridge.
SBA 7(a) loan, change of ownership, approved Apr 23, 2024
$2,829,000 approvedLender: Bank of Oak Ridge10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,829,000
- SBA-guaranteed amount
- $2,121,750 (75% of the approval)
- Lender
- Bank of Oak Ridge, Oak Ridge, 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
- April 23, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $36,995 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 25, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 236115, New Single-Family Housing Construction (except For-Sale Builders)
- Project location
- Brunswick County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 67% of acquisition loans in New Single-Family Housing Construction (except For-Sale Builders) on this site.
- Average acquisition loan in New Single-Family Housing Construction (except For-Sale Builders): $2,231,419.
- 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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