CoverShots Systems International, LLC
CoverShots Systems International, LLC is a travel trailer and camper manufacturer in Wilmington, NC, as described by its NAICS industry classification. The company was financed with an SBA 7(a) loan for a change of ownership totaling $936,000, approved on August 1, 2025, by The Huntington National Bank. The loan is listed with 4 jobs.
SBA 7(a) loan, change of ownership, approved Aug 1, 2025
$936,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $936,000
- SBA-guaranteed amount
- $702,000 (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
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 1, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $11,984 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 8, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 336214, Travel Trailer and Camper Manufacturing
- Project location
- New Hanover 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)
- Average acquisition loan in Travel Trailer and Camper Manufacturing: $2,407,100.
- 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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