STS Operations Holdings LLC
STS Operations Holdings LLC is a truck trailer manufacturer located in Lexington, North Carolina. The company was financed with an SBA 7(a) loan for a change of ownership totaling $3,632,500, approved on May 13, 2025 by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved May 13, 2025
- Gross approval
- $3,632,500
- SBA-guaranteed amount
- $2,724,375 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 13, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $48,508 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 336212, Truck Trailer Manufacturing
- Project location
- Davidson County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Truck Trailer Manufacturing: $3,389,875.
- 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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