Shoreline Cabinet Company
Shoreline Cabinet Company, located in Wilmington, North Carolina, operates in the finish carpentry contractors industry (NAICS 238350). The business was financed with an SBA 7(a) loan for a change of ownership of $782,000, approved on December 4, 2025 by Gulf Coast Bank and Trust Company.
SBA 7(a) loan, change of ownership, approved Dec 4, 2025
$782,000 approvedLender: Gulf Coast Bank and Trust Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $782,000
- SBA-guaranteed amount
- $586,500 (75% of the approval)
- Lender
- Gulf Coast Bank and Trust Company, New Orleans, LA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 4, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $10,119 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 29, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 238350, Finish Carpentry Contractors
- Project location
- New Hanover County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 23% of acquisition loans in Finish Carpentry Contractors on this site.
- Average acquisition loan in Finish Carpentry Contractors: $1,618,816.
- 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
- EGS Cabinets, Inc., Clinton