SBA lending record
Borco
702 SUMMIT AVE, Kinston, NC 28501 · Water and Sewer Line and Related Structures Construction. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$4.8M
Total SBA financing
2
Loans on record
FY2024
On record
24
Jobs supported
● business — business location is the ZIP-area centroid from the public record
Is Borco 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.
All 2 loans
$4,611,000 — FY2024
Loan 1 of 2- Gross approval
- $4,611,000
- SBA guaranteed
- $3,458,250 (75%)
- Status
- In workout — SBA bought the guarantee
- Rate at approval
- 11.25% v
- Term
- 144 mo (12 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 7/9/2024
- First disbursement
- 8/9/2024
- Days to fund
- 31 days
- Collateral
- Required
- Sold on secondary market
- Yes
- 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 code
- 237110
- Address
- 702 SUMMIT AVE
- City
- Kinston, 28501
- County
- Lenoir
- SBA district office
- NORTH CAROLINA DISTRICT OFFICE
- Congressional district
- 3
$200,000 — FY2024
Loan 2 of 2- Gross approval
- $200,000
- SBA guaranteed
- $100,000 (50%)
- Status
- In liquidation
- Rate at approval
- 11.25% v
- Term
- 120 mo (10 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 7/12/2024
- First disbursement
- 8/7/2024
- Days to fund
- 26 days
- Collateral
- Required
- 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 code
- 237110
- Address
- 702 SUMMIT AVE
- City
- Kinston, 28501
- County
- Lenoir
- SBA district office
- NORTH CAROLINA DISTRICT OFFICE
- Congressional district
- 3
The lender
First Internet Bank of Indiana
2 loans to this businessFull SBA lending record + branches on the lender page →Find SBA lenders for businesses like this
The banks most active funding water and sewer line and related structures construction — by location, industry.
Similar businesses
Comparable water and sewer line and related structures construction in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Blue Ridge Waterworks LLC
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Water and Sewer Line and Related Structures Construction
- $2.3M
- SBA financing
- ≈ $4.5M–$7.5M
- Est. revenue (rough)
F. L. SHOWALTER, INCORPORATED
Lynchburg, VA· ~171 mi
Water and Sewer Line and Related Structures Construction
- $1.8M
- SBA financing
- ≈ $3.5M–$5.9M
- Est. revenue (rough)
KAAM GROUP CO
Carlsbad, CA· ~2261 mi
Water and Sewer Line and Related Structures Construction
- $4.0M
- SBA financing
- ≈ $7.8M–$13M
- Est. revenue (rough)
Waterbender Associates
Bakersfield, CA· ~2303 mi
Water and Sewer Line and Related Structures Construction
- $4.9M
- SBA financing
- ≈ $9.6M–$16M
- Est. revenue (rough)
United Underground LLC
Grove, OK· ~966 mi
Water and Sewer Line and Related Structures Construction
- $3.1M
- SBA financing
- ≈ $6.1M–$10M
- Est. revenue (rough)
C and S Company Inc.
Las Vegas, NV· ~2100 mi
Water and Sewer Line and Related Structures Construction
- $2.8M
- SBA financing
- ≈ $5.5M–$9.2M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Borco in Kinston, NC (Water and Sewer Line and Related Structures Construction). CapBench 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.
- 2 SBA 7(a) loans totaling $4.8M
- On record FY2024
- 24 jobs supported
- Industry: Water and Sewer Line and Related Structures Construction
- Location: Kinston, NC
- Lender: First Internet Bank of Indiana
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Water and Sewer Line and Related Structures Construction businesses in NC for ~$2.4M deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.
Is Borco your business?
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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Borco.