Morgan Fifth Street Holdings, LLC
Morgan Fifth Street Holdings, LLC is a business in Oakboro, North Carolina, in the reupholstery and furniture repair industry (NAICS 811420). The company financed real estate or equipment through an SBA 504 loan of $1,236,000 (SBA portion), approved on April 21, 2026, with American Bank of the Carolinas d/b/a American Bank as the lender and Business Expansion Funding Corporation as the certified development company.
SBA 504 loan, approved Apr 21, 2026
$1,236,000 SBA portionCDC: Business Expansion Funding Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,236,000
- Bank portion
- $1,500,000
- Estimated project size
- $3,040,000 (estimated)
- Estimated owner equity
- $304,000 (estimated, about 10% of the project)
- Bank lender
- American Bank of the Carolinas d/b/a American Bank, Monroe, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 21, 2051 (estimated, approval date plus term)
- First disbursement
- Sep 16, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 811420, Reupholstery and Furniture Repair
- Project location
- Stanly County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-8
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Reupholstery and Furniture Repair: $1,515,600.
- Average expansion loan in North Carolina: $2,167,577.
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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