Fed's Moving & Storage, LLC
Fed's Moving & Storage, LLC is located in Raleigh, NC, and the SBA lists its industry as General Freight Trucking, Local. It was approved for an SBA 7(a) loan of $547,500 for a change of ownership on October 18, 2023.
SBA 7(a) loan, change of ownership, approved Oct 18, 2023
- Gross approval
- $547,500
- SBA-guaranteed amount
- $410,625 (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
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 18, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $7,619 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 31, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 484110, General Freight Trucking, Local
- Project location
- Wake County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 5% of acquisition loans in General Freight Trucking, Local on this site.
- Average acquisition loan in General Freight Trucking, Local: $1,691,140.
- 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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in North Carolina
- Brooks Lanier Logistics, Inc., Raleigh
- Ship It Good Corporation, Durham
- J Ross Logistics Inc., Durham
- Alan Baxley Trucking, LLC, Rocky Point