SBA lending record
Plato's Closet
121 S Merritt Mill Rd, Chapel Hill, NC 27516 · Clothing and Clothing Accessories Retailers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$500K
Total SBA financing
1
Loan on record
FY2024
On record
4
Jobs supported
Franchise brand
Plato's Closet
See Plato's Closet's SBA financing data — typical deal, failure rate, and how its loans perform →
● business — business location is the ZIP-area centroid from the public record
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The loan
$500,000 — FY2024
- Gross approval
- $500,000
- SBA guaranteed
- $375,000 (75%)
- Status
- Current
- Rate at approval
- 11% v
- Term
- 126 mo (11 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 9/23/2024
- First disbursement
- 10/3/2024
- Days to fund
- 10 days
- Collateral
- Required
- Jobs supported
- 4
- Business type
- Corporation
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Clothing and Clothing Accessories Retailers
- NAICS code
- 458110
- Franchise
- Plato's Closet
- Franchise code
- S1327
- Lender
- First Bank of the Lake
- Address
- 121 S Merritt Mill Rd
- City
- Chapel Hill, 27516
- County
- Wake
- SBA district office
- NORTH CAROLINA DISTRICT OFFICE
- Congressional district
- 2
The lender
First Bank of the Lake
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 clothing and clothing accessories retailers — by location, industry, and brand.
Other Plato's Closet locations
Other Plato's Closet businesses in the public SBA record — closest first, by location and deal size.
Green Dragonfly LLC
Greensboro, NC· ~44 mi
Plato's Closet
- $298K
- SBA financing
- ≈ $584K–$974K
- Est. revenue (rough)
Michael Dean Incorporated
Huntersville, NC· ~106 mi
Plato's Closet
- $500K
- SBA financing
- ≈ $980K–$1.6M
- Est. revenue (rough)
Plato's Closet
Columbia, SC· ~174 mi
Plato's Closet
- $500K
- SBA financing
- ≈ $980K–$1.6M
- Est. revenue (rough)
MJ and Pops LLC
Columbia, SC· ~171 mi
Plato's Closet
- $347K
- SBA financing
- ≈ $680K–$1.1M
- Est. revenue (rough)
CNK Endeavors Incorporated
Bristol, VA· ~181 mi
Plato's Closet
- $722K
- SBA financing
- ≈ $1.4M–$2.4M
- Est. revenue (rough)
The Landing Management Group, Inc.
Newark, DE· ~316 mi
Plato's Closet
- $445K
- SBA financing
- ≈ $873K–$1.5M
- Est. revenue (rough)
Similar businesses
Comparable clothing and clothing accessories retailers in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Hunter & Honey, LLC
Chapel Hill, NC· ~1 mi
Clothing and Clothing Accessories Retailers
- $257K
- SBA financing
- ≈ $504K–$840K
- Est. revenue (rough)
Thirteen West LLC
Carrboro, NC· ~0 mi
Clothing and Clothing Accessories Retailers
- $150K
- SBA financing
- ≈ $294K–$490K
- Est. revenue (rough)
Monroe Boutique LLC
Apex, NC· ~17 mi
Clothing and Clothing Accessories Retailers
- $608K
- SBA financing
- ≈ $1.2M–$2.0M
- Est. revenue (rough)
Whilden, LLC
Chapel Hill, NC· ~4 mi
Clothing and Clothing Accessories Retailers
- $150K
- SBA financing
- ≈ $294K–$490K
- Est. revenue (rough)
Uptown Resale LLC
Raleigh, NC· ~25 mi
Uptown Cheapskate
- $667K
- SBA financing
- ≈ $1.3M–$2.2M
- Est. revenue (rough)
Releve'
Cary, NC· ~21 mi
Clothing and Clothing Accessories Retailers
- $612K
- SBA financing
- ≈ $1.2M–$2.0M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Plato's Closet in Chapel Hill, NC (Clothing and Clothing Accessories Retailers). 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.
- 1 SBA 7(a) loan totaling $500K
- On record FY2024
- 4 jobs supported
- Industry: Clothing and Clothing Accessories Retailers
- Location: Chapel Hill, NC
- Lender: First Bank of the Lake
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Clothing and Clothing Accessories Retailers businesses in NC for ~$500k 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.
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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 Plato's Closet.