High Country Furniture & Design, Inc.
High Country Furniture & Design, Inc. is a furniture retailer in Waynesville, NC, classified under NAICS 449110 (Furniture Retailers). The business was financed with an SBA 7(a) loan for a change of ownership of $4,626,000, approved on March 27, 2025, by First Bank.
SBA 7(a) loan, change of ownership, approved Mar 27, 2025
$4,626,000 approvedLender: First Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,626,000
- SBA-guaranteed amount
- $3,469,500 (75% of the approval)
- Lender
- First Bank, Southern Pines, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 27, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $58,600 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 6, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 32
- Business type
- Corporation
- NAICS
- 449110, Furniture Retailers
- Project location
- Haywood County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 94% of acquisition loans in Furniture Retailers on this site.
- Average acquisition loan in Furniture Retailers: $1,875,127.
- 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
- Cooper's Furniture, Cary
- Mid-State Furniture, Carthage