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Varnam Strings, LLC — SBA Loan Record (Wilmington, NC) | DealRoom

Intelligence/Musical Instrument and Supplies Retailers/NC

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SBA lending record

Varnam Strings, LLC

616-B CASTLE STREET, Wilmington, NC 28401 · Musical Instrument and Supplies Retailers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$300K

Total SBA financing

1

Loan on record

FY2023

On record

5

Jobs supported

● business — business location is the ZIP-area centroid from the public record

Is Varnam Strings, LLC your business?

This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.

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The loan

$300,000 — FY2023

Gross approval: $300,000
SBA guaranteed: $225,000 (75%)
Status: Current
Rate at approval: 10.9% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 6/27/2023
First disbursement: 7/10/2023
Days to fund: 13 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 5
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Musical Instrument and Supplies Retailers
NAICS code: 459140
Lender: Live Oak Banking Company
Address: 616-B CASTLE STREET
City: Wilmington, 28401
County: New Hanover
SBA district office: NORTH CAROLINA DISTRICT OFFICE
Congressional district: 7

The lender

Live Oak Banking Company

1 loan to this businessFull SBA lending record + branches on the lender page →

Find SBA lenders for businesses like this

The banks most active funding musical instrument and supplies retailers — by location, industry.

SBA lenders in North Carolina Lenders for musical instrument and supplies retailers Musical Instrument and Supplies Retailers lenders in North Carolina

Similar businesses

Comparable musical instrument and supplies retailers in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

Music Go Round

Greensboro, NC· ~168 mi

Music Go Round

$389K
SBA financing: ≈ $763K–$1.3M
Est. revenue (rough)

BEAU VINCI VIOLINS, INC.

Alpharetta, GA· ~363 mi

Musical Instrument and Supplies Retailers

$300K
SBA financing: ≈ $588K–$980K
Est. revenue (rough)

Joe's Records, Inc.

Memphis, TN· ~676 mi

Musical Instrument and Supplies Retailers

$308K
SBA financing: ≈ $603K–$1.0M
Est. revenue (rough)

ZEMBA INC.

Irvine, CA· ~2266 mi

Musical Instrument and Supplies Retailers

$300K
SBA financing: ≈ $588K–$980K
Est. revenue (rough)

Nova Music

Rincon, GA· ~233 mi

Musical Instrument and Supplies Retailers

$185K
SBA financing: ≈ $362K–$603K
Est. revenue (rough)

McKnight and Company LLC

Rincon, GA· ~233 mi

Musical Instrument and Supplies Retailers

$442K
SBA financing: ≈ $867K–$1.4M
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for Varnam Strings, LLC in Wilmington, NC (Musical Instrument and Supplies Retailers). DealRoom compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $300K
On record FY2023
5 jobs supported
Industry: Musical Instrument and Supplies Retailers
Location: Wilmington, NC
Lender: Live Oak Banking Company

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Musical Instrument and Supplies Retailers businesses in NC for ~$300k deals, then pre-qualify for 7(a) financing before making an offer. DealRoom can arrange a lender introduction — free for buyers.

Next steps

Pre-qualify this deal→Talk to a loan broker→Find SBA lenders→Compare similar deals→

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/varnam-strings-llc-nc
API:: https://dealroom.so/api/public/businesses/varnam-strings-llc-nc
Methodology:: Sources & methodology

Informational only — DealRoom does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and DealRoom methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. DealRoom is not a lender.

Is Varnam Strings, LLC your business?

This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.

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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Varnam Strings, LLC.