Financing a floor covering stores acquisition in North Carolina

1+ funded Floor Covering Stores in North Carolina deals

Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.

• CSM Coastal, LLC in Wilmington, NC — $1.1M (2020) · purchase · First Internet Bank of Indiana

  Program

  Preferred Lenders Program

  Rate at approval

  6% variable

  Term

  120 mo (10 yrs)

  SBA guaranteed

  $863K (75%)

  Approval → funding

  14 days

  Approved

  9/16/2020

  First disbursed

  9/30/2020

  Loan status

  Paid in full (9/30/2023)

  Loan type

  Term loan

  Collateral

  Required

  Business type

  Corporation

  Secondary market

  Loan sold to investors

  Jobs supported

  13

  Business age

  Change of Ownership

  Industry

  Floor Covering Stores

  If you were the buyer here

  Est. deal size

  $1.3M

  Est. down payment (10%)

  $128K

  Est. cash at closing

  $175K

  Monthly payment

  $12,767

  Annual debt service

  $153K

  Cash flow needed (1.25×)

  $192K

  Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.

  Funded by First Internet Bank of Indiana · Lender record →

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