Main Street Registry

Rent-A-Wreck Aberdeen

Vass, NC · Couriers and Express Delivery Services · NAICS 492110

Rent-A-Wreck Aberdeen is a business in Vass, North Carolina, classified under couriers and express delivery services (NAICS 492110), and it operates as a Rent-A-Wreck franchise. The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $516,500 approved by Bank of Oak Ridge on October 19, 2024.

SBA 7(a) loan, change of ownership, approved Oct 19, 2024

$516,500 approvedLender: Bank of Oak Ridge10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$516,500
SBA-guaranteed amount
$387,375 (75% of the approval)
Lender
Bank of Oak Ridge, Oak Ridge, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
October 19, 2034 (estimated, approval date plus term)
Estimated monthly payment
$6,897 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 1, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
492110, Couriers and Express Delivery Services
Franchise
Rent-A-Wreck
Project location
Moore County, NC
SBA district office
North Carolina District Office
Congressional district
NC-08
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 2% of acquisition loans in Couriers and Express Delivery Services on this site.
  • Average acquisition loan in Couriers and Express Delivery Services: $1,263,343.
  • 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