Piedmont Carolina Nursery
Piedmont Carolina Nursery is a nursery and tree production business in Colfax, North Carolina. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $2,095,800, from Gulf Coast Bank and Trust Company, with approval dated August 17, 2026.
SBA 7(a) loan, change of ownership, approved Aug 17, 2026
$2,095,800 approvedLender: Gulf Coast Bank and Trust Company10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $2,095,800
- SBA-guaranteed amount
- $1,571,850 (75% of the approval)
- Lender
- Gulf Coast Bank and Trust Company, New Orleans, LA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 17, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $26,833 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 36
- Business type
- Corporation
- NAICS
- 111421, Nursery and Tree Production
- Project location
- Guilford County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Nursery and Tree Production: $3,004,933.
- 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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