Shred-Eco LLC
Shred-Eco LLC is located in Raleigh, NC, and the SBA lists its industry as Used Household and Office Goods Moving. It was approved for an SBA 7(a) loan of $3,957,000 for a change of ownership on December 2, 2024.
SBA 7(a) loan, change of ownership, approved Dec 2, 2024
- Gross approval
- $3,957,000
- SBA-guaranteed amount
- $2,967,750 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 2, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $52,841 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 26, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 484210, Used Household and Office Goods Moving
- Project location
- Wake County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 88% of acquisition loans in Used Household and Office Goods Moving on this site.
- Average acquisition loan in Used Household and Office Goods Moving: $1,726,088.
- 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
- Road Haugs Moving & Storage, Matthews