Main Street Registry

RME Real Estate Holdings LLC

Lancaster, SC · Lessors of Miniwarehouses and Self-Storage Units · NAICS 531130

RME Real Estate Holdings LLC is a business in Lancaster, South Carolina, in the industry of lessors of miniwarehouses and self-storage units (NAICS 531130). It was financed with an SBA 7(a) loan for a change of ownership of $1 million, approved on January 17, 2024, through Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Jan 17, 2024

$1,000,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,000,000
SBA-guaranteed amount
$750,000 (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
9.15%, variable
Term
25 years (300 months)
Estimated maturity
January 17, 2049 (estimated, approval date plus term)
Estimated monthly payment
$8,495 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 26, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
531130, Lessors of Miniwarehouses and Self-Storage Units
Project location
Lancaster County, SC
SBA district office
South Carolina District Office
Congressional district
SC-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 36% of acquisition loans in Lessors of Miniwarehouses and Self-Storage Units on this site.
  • Average acquisition loan in Lessors of Miniwarehouses and Self-Storage Units: $1,454,898.
  • 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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Same industry in South Carolina