Main Street Registry

Cove Holden LLC

Supply, NC · Full-Service Restaurants · NAICS 722511

Cove Holden LLC is a full-service restaurant located in Supply, North Carolina, as classified by its industry description. The business was financed with an SBA 7(a) loan for a change of ownership totaling $536,000, approved on May 19, 2025, through The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved May 19, 2025

$536,000 approvedLender: The Huntington National Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$536,000
SBA-guaranteed amount
$402,000 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.6%, fixed
Term
25 years (300 months)
Estimated maturity
May 19, 2050 (estimated, approval date plus term)
Estimated monthly payment
$3,996 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 23, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
722511, Full-Service Restaurants
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 9% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • 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