Quest Growth Partners LLC
Quest Growth Partners LLC is located in Davidson, NC, and the SBA lists its industry as Other Accounting Services. It was approved for an SBA 7(a) loan of $1,850,000 for a change of ownership on November 7, 2023.
SBA 7(a) loan, change of ownership, approved Nov 7, 2023
- Gross approval
- $1,850,000
- SBA-guaranteed amount
- $1,387,500 (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
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 7, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $24,448 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 15, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 541219, Other Accounting Services
- Project location
- Mecklenburg County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 78% of acquisition loans in Other Accounting Services on this site.
- Average acquisition loan in Other Accounting Services: $1,284,062.
- 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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Same industry in North Carolina
- Otm Accounting Inc, Matthews
- Hyland Finance & Operations, LLC, Raleigh
- Capone & Associates LLC, Wilmington
- G2 Business Solutions, LLC, Fayetteville
- CAP3, Wilmington