Tar Heel Logistics Inc.
Tar Heel Logistics Inc. is located in North Charleston, SC, and the SBA lists its industry as General Freight Trucking, Local. It was approved for an SBA 7(a) loan of $1,851,000 for a change of ownership on September 29, 2025.
SBA 7(a) loan, change of ownership, approved Sep 29, 2025
- Gross approval
- $1,851,000
- SBA-guaranteed amount
- $1,388,250 (75% of the approval)
- Lender
- Readycap Lending, LLC, Berkeley Heights, NJ
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 29, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $24,206 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 21, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 30
- Business type
- Corporation
- NAICS
- 484110, General Freight Trucking, Local
- Project location
- Charleston County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 68% of acquisition loans in General Freight Trucking, Local on this site.
- Average acquisition loan in General Freight Trucking, Local: $1,691,140.
- 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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