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Alan Baxley Trucking, LLC

Rocky Point, NC · General Freight Trucking, Local · NAICS 484110

Alan Baxley Trucking, LLC is a general freight trucking, local business based in Rocky Point, NC, classified under NAICS 484110. The company was financed with an SBA 7(a) loan for a change of ownership, with two loans totaling $5 million approved by Live Oak Banking Company on February 14, 2025 and February 17, 2025. The loans report 18 jobs.

SBA 7(a) loan, change of ownership, approved Feb 17, 2025

$4,500,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,500,000
SBA-guaranteed amount
$3,375,000 (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
8.75%, variable
Term
10 years (120 months)
Estimated maturity
February 17, 2035 (estimated, approval date plus term)
Estimated monthly payment
$56,397 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 7, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
18
Business type
Corporation
NAICS
484110, General Freight Trucking, Local
Project location
Pender County, NC
SBA district office
North Carolina District Office
Congressional district
NC-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 98% of acquisition loans in General Freight Trucking, Local on this site.
  • Average acquisition loan in General Freight Trucking, Local: $1,691,140.
  • 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.

SBA 7(a) loan, change of ownership, approved Feb 14, 2025

$500,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$500,000
SBA-guaranteed amount
$250,000 (50% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
February 14, 2035 (estimated, approval date plus term)
Estimated monthly payment
$6,470 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 7, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
18
Business type
Corporation
NAICS
484110, General Freight Trucking, Local
Project location
Pender 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
Yes
  • Average acquisition loan in General Freight Trucking, Local: $1,691,140.
  • 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