Carolina Septic, Inc.
Carolina Septic, Inc. is a septic tank and related services business located in Kernersville, NC, under NAICS code 562991. It was financed with an SBA 7(a) loan for a change of ownership of $650,000, approved on November 20, 2024, through First National Bank of Pennsylvania.
SBA 7(a) loan, change of ownership, approved Nov 20, 2024
- Gross approval
- $650,000
- SBA-guaranteed amount
- $487,500 (75% of the approval)
- Lender
- First National Bank of Pennsylvania, Greenville, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.82%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 20, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,825 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 5, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 562991, Septic Tank and Related Services
- Project location
- Forsyth County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 15% of acquisition loans in Septic Tank and Related Services on this site.
- Average acquisition loan in Septic Tank and Related Services: $1,540,362.
- 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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