NC Marketing Group LLC
NC Marketing Group LLC is located in Raleigh, NC, and the SBA lists its industry as Direct Mail Advertising. It was approved for an SBA 7(a) loan of $946,000 for a change of ownership on September 5, 2024.
SBA 7(a) loan, change of ownership, approved Sep 5, 2024
- Gross approval
- $946,000
- SBA-guaranteed amount
- $709,500 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 5, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $12,765 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 21, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 541860, Direct Mail Advertising
- Franchise
- RSVP
- 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)
- Average acquisition loan in Direct Mail Advertising: $1,558,840.
- 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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