Pine Glo Products, Inc.
Pine Glo Products, Inc. is located in Zebulon, NC, and the SBA lists its industry as Polish and Other Sanitation Good Manufacturing. It was approved for an SBA 504 loan ($1,242,000 SBA portion) on February 15, 2024 to finance real estate or equipment.
SBA 504 loan, approved Feb 15, 2024
- SBA (CDC) portion
- $1,242,000
- Bank portion
- $1,516,000
- Estimated project size
- $3,064,444 (estimated)
- Estimated owner equity
- $306,444 (estimated, about 10% of the project)
- Bank lender
- TowneBank, Portsmouth, VA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 15, 2049 (estimated, approval date plus term)
- First disbursement
- May 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 325612, Polish and Other Sanitation Good Manufacturing
- Project location
- Wake County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Polish and Other Sanitation Good Manufacturing: $1,283,000.
- Average expansion loan in North Carolina: $2,167,577.
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 North Carolina
- Brothers Research LLC, Burlington