Interiors Unlimited Inc of NC
Interiors Unlimited Inc of NC is a drywall and insulation contractor located in Durham, NC, in the Drywall and Insulation Contractors industry. The company was financed with an SBA 7(a) loan for a change of ownership of $565,000, approved on March 22, 2024 through The Fidelity Bank.
SBA 7(a) loan, change of ownership, approved Mar 22, 2024
$565,000 approvedLender: The Fidelity Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $565,000
- SBA-guaranteed amount
- $423,750 (75% of the approval)
- Lender
- The Fidelity Bank, Fuquay Varina, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 22, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,703 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- Corporation
- NAICS
- 238310, Drywall and Insulation Contractors
- Project location
- Durham 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 8% of acquisition loans in Drywall and Insulation Contractors on this site.
- Average acquisition loan in Drywall and Insulation Contractors: $1,987,965.
- 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
- Ads Legacy LLC, Asheville
- C&H Insulation Services, Inc., Clemmons