Main Street Registry

Newland NC Self Storage, LLC

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

Newland NC Self Storage, LLC is a self-storage business in Newland, 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 $910,000, approved on June 20, 2025 by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Jun 20, 2025

$910,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$910,000
SBA-guaranteed amount
$682,500 (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%, variable
Term
25 years (300 months)
Estimated maturity
June 20, 2050 (estimated, approval date plus term)
Estimated monthly payment
$7,024 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 1, 2025
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
531130, Lessors of Miniwarehouses and Self-Storage Units
Project location
Avery County, NC
SBA district office
North Carolina District Office
Congressional district
NC-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 26% 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in North Carolina