NG Investments Fund 1 LLC
NG Investments Fund 1 LLC is a business in Bluffton, SC, in the Other Personal Care Services industry (NAICS 812199). The company was financed with an SBA 7(a) loan for a change of ownership of $715,000, approved on December 3, 2024 by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Dec 3, 2024
$715,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $715,000
- SBA-guaranteed amount
- $536,250 (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
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 3, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,057 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 20, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 812199, Other Personal Care Services
- Project location
- Beaufort County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 27% of acquisition loans in Other Personal Care Services on this site.
- Average acquisition loan in Other Personal Care Services: $1,410,088.
- Average acquisition loan in South Carolina: $1,827,509.
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 South Carolina
- JJ Evans Wellness LLC, Clemson