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Firm Foundations Commercial Properties, LLC

Canton, NC · Lessors of Miniwarehouses and Self-Storage Units · NAICS 531130

Firm Foundations Commercial Properties, LLC is a business in Canton, North Carolina, in the industry of lessors of miniwarehouses and self-storage units (NAICS 531130). The company was financed with an SBA 7(a) loan for a change of ownership of $1.67 million, approved on August 25, 2025, through Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Aug 25, 2025

$1,670,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,670,000
SBA-guaranteed amount
$1,252,500 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.05%, variable
Term
25 years (300 months)
Estimated maturity
August 25, 2050 (estimated, approval date plus term)
Estimated monthly payment
$12,945 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 26, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
531130, Lessors of Miniwarehouses and Self-Storage Units
Project location
Haywood County, NC
SBA district office
North Carolina District Office
Congressional district
NC-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 69% of acquisition loans in Lessors of Miniwarehouses and Self-Storage Units on this site.
  • Average acquisition loan in Lessors of Miniwarehouses and Self-Storage Units: $1,454,898.
  • 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