Tamarac Marina
Tamarac Marina is located in Salisbury, NC, and the SBA lists its industry as All Other Amusement and Recreation Industries. It was approved for an SBA 7(a) loan of $2,530,000 for a change of ownership on October 28, 2024.
SBA 7(a) loan, change of ownership, approved Oct 28, 2024
- Gross approval
- $2,530,000
- SBA-guaranteed amount
- $1,897,500 (75% of the approval)
- Lender
- Open Bank, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- October 28, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $21,232 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 18, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 26
- Business type
- Corporation
- NAICS
- 713990, All Other Amusement and Recreation Industries
- Project location
- Rowan County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 81% of acquisition loans in All Other Amusement and Recreation Industries on this site.
- Average acquisition loan in All Other Amusement and Recreation Industries: $1,649,888.
- 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
- OBX Beach Toys LLC, Raleigh
- Highlands Outpost, Scaly Mountain