Red Rover South, Inc.
Red Rover South, Inc. is a pet care services business in Hilton Head Island, South Carolina, classified under NAICS 812910 for pet care (except veterinary) services. The company was financed with an SBA 7(a) loan for a change of ownership of $2.85 million, approved on March 10, 2025 by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Mar 10, 2025
$2,850,000 approvedLender: Live Oak Banking Company305 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,850,000
- SBA-guaranteed amount
- $2,137,500 (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
- 8%, variable
- Term
- 25 years, 5 months (305 months)
- Estimated maturity
- August 10, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $21,884 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 19, 2025
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 812910, Pet Care (except Veterinary) Services
- Project location
- Beaufort County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 94% of acquisition loans in Pet Care (except Veterinary) Services on this site.
- Average acquisition loan in Pet Care (except Veterinary) Services: $1,325,264.
- Average acquisition loan in South Carolina: $1,827,509.
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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