North Carolina Care LLC
North Carolina Care LLC is a remediation services business in Newton, NC, operating in the field of remediation services (NAICS 562910). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,015,000, approved on December 29, 2025 by Live Oak Banking Company. The loan is associated with a franchise and reports 14 jobs.
SBA 7(a) loan, change of ownership, approved Dec 29, 2025
$1,015,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,015,000
- SBA-guaranteed amount
- $761,250 (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
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 29, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $12,585 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 14, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 562910, Remediation Services
- Franchise
- FRSTeam
- Project location
- Catawba County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 43% of acquisition loans in Remediation Services on this site.
- Average acquisition loan in Remediation Services: $1,662,217.
- 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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