Coastal Building Supply LLC
Coastal Building Supply LLC, located in Wilmington, NC, operates in the Other Building Material Dealers industry (NAICS 444180). The business financed real estate or equipment through an SBA 504 loan of $1,014,000, approved on January 25, 2024, with Truist Bank as the lender and Business Expansion Funding Corporation as the certified development company.
SBA 504 loan, approved Jan 25, 2024
$1,014,000 SBA portionCDC: Business Expansion Funding Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,014,000
- Bank portion
- $1,237,000
- Estimated project size
- $2,501,111 (estimated)
- Estimated owner equity
- $250,111 (estimated, about 10% of the project)
- Bank lender
- Truist Bank, Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 25, 2049 (estimated, approval date plus term)
- First disbursement
- Apr 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 444180, Other Building Material Dealers
- Project location
- New Hanover County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-7
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 3% of expansion loans in Other Building Material Dealers on this site.
- Average expansion loan in Other Building Material Dealers: $2,048,289.
- Average expansion loan in North Carolina: $2,167,577.
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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