Borco
702 Summit Ave, Kinston, NC 28501 · Water and Sewer Line and Related Structures Construction (NAICS 237110)
Loan Summary
Source: SBA FOIA Loan-Level DataTotal Loans
2
Total Amount
$4.8M
Jobs Supported
24
Years Active
2024–2024
Loan History (2)
Source: SBA FOIA7(a)$200,000
Exempt
- Approved
- Jul 12, 2024 (FY2024)
- SBA Guaranteed
- $100,000 (50%)
- Term
- 120 months (10.0 yrs)
- Interest Rate
- 11.25%
- Revolver
- 1
- Jobs Supported
- 12
- Business Type
- Corporation
- Business Age
- New Business or 2 Years or Less
- Industry
- Water and Sewer Line and Related Structures Construction (NAICS 237110)
Lender
First Internet Bank of Indiana
8701 E 116th St, Fishers, IN 46038
Project Location
Lenoir County, NC
7(a)$4,611,000
Exempt
- Approved
- Jul 9, 2024 (FY2024)
- SBA Guaranteed
- $3,458,250 (75%)
- Term
- 144 months (12.0 yrs)
- Interest Rate
- 11.25%
- Revolver
- 0
- Jobs Supported
- 12
- Business Type
- Corporation
- Business Age
- New Business or 2 Years or Less
- Industry
- Water and Sewer Line and Related Structures Construction (NAICS 237110)
Lender
First Internet Bank of Indiana
8701 E 116th St, Fishers, IN 46038
Project Location
Lenoir County, NC
Business Details
- Business Type
- Corporation
- Business Age
- New Business or 2 Years or Less
- NAICS Code
- 237110 — Water and Sewer Line and Related Structures Construction
- Address
- 702 Summit Ave
Kinston, NC 28501
Lender
- First Internet Bank of Indiana
- 8701 E 116th St, Fishers, IN 46038