Towne 401, LLC
Towne 401, LLC is located in Pineville, NC, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan ($3,177,000 SBA portion) on June 11, 2024 to finance real estate or equipment.
- Business type
- Corporation
- Business age reported
- Change of Ownership
SBA 504 loans
| Approved | SBA portion | Bank portion | Project size | Lender | CDC | Term | Jobs supported | Status |
|---|---|---|---|---|---|---|---|---|
| Jun 11, 2024 | $3,177,000 | $5,174,500 | $9,279,444 (estimated) | The Bancorp | Business Expansion Funding Corporation | 25 years | 5 | Approved, not yet funded |
Estimated project size is (SBA portion + bank portion) divided by 0.9, since the owner typically contributes about 10 percent. It is not an SBA-published figure.
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