Tradewinds Tackle Shop
Tradewinds Tackle Shop is a sporting goods retailer in Ocracoke, North Carolina. It was financed with an SBA 7(a) loan for a change of ownership, approved on January 19, 2024, for $930,000 through First Bank. The loan is reported as supporting 4 jobs.
SBA 7(a) loan, change of ownership, approved Jan 19, 2024
$930,000 approvedLender: First Bank25 years termPaid in fullLoan details
- Gross approval
- $930,000
- SBA-guaranteed amount
- $697,500 (75% of the approval)
- Lender
- First Bank, Southern Pines, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 19, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $9,115 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 1, 2024
- Loan status
- Paid in full
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 459110, Sporting Goods Retailers
- Project location
- Hyde County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 48% of acquisition loans in Sporting Goods Retailers on this site.
- Average acquisition loan in Sporting Goods Retailers: $1,337,498.
- 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
- Rock City Outdoors Inc., Roxboro
- US Fitness, Inc., Raleigh