R2R Critical LLC
R2R Critical LLC is a specialized freight trucking business based in Chapel Hill, North Carolina, in the long-distance specialized freight (except used goods) trucking industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1.28 million, approved by The Fidelity Bank on March 13, 2025.
SBA 7(a) loan, change of ownership, approved Mar 13, 2025
$1,280,000 approvedLender: The Fidelity Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,280,000
- SBA-guaranteed amount
- $960,000 (75% of the approval)
- Lender
- The Fidelity Bank, Fuquay Varina, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 13, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $16,563 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 484230, Specialized Freight (except Used Goods) Trucking, Long-Distance
- Project location
- Chatham County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Specialized Freight (except Used Goods) Trucking, Long-Distance: $2,804,143.
- 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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