Coastal Arc LLC
Coastal Arc LLC is located in Conway, SC, and the SBA lists its industry as Recyclable Material Merchant Wholesalers. It was approved for an SBA 7(a) loan of $1,280,200 for a change of ownership on September 22, 2025.
SBA 7(a) loan, change of ownership, approved Sep 22, 2025
- Gross approval
- $1,280,200
- SBA-guaranteed amount
- $960,150 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 22, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $16,565 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 423930, Recyclable Material Merchant Wholesalers
- Project location
- Horry County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Recyclable Material Merchant Wholesalers: $2,310,975.
- Average acquisition loan in South Carolina: $1,827,509.
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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