Main Street Registry

Store In Place Co.

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

Store In Place Co., located in Spartanburg, SC, operates in the lessors of miniwarehouses and self-storage units industry (NAICS 531130). The company was financed with an SBA 7(a) loan for a change of ownership of $675,000, approved on August 27, 2025, by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Aug 27, 2025

$675,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$675,000
SBA-guaranteed amount
$506,250 (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 (300 months)
Estimated maturity
August 27, 2050 (estimated, approval date plus term)
Estimated monthly payment
$5,210 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 9, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
531130, Lessors of Miniwarehouses and Self-Storage Units
Project location
Spartanburg County, SC
SBA district office
South Carolina District Office
Congressional district
SC-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 14% 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