# The Hangout @ Monroe Street, LLC, SPRING LAKE NC: $1,363,300 SBA 7(a) loan approved 2026-04-08

**Fresh Capital Score:** 50/100

| Field | Value |
|---|---|
| Business | The Hangout @ Monroe Street, LLC |
| Location | SPRING LAKE, NC, 28390 |
| County | CUMBERLAND |
| Program | SBA 7(a) |
| Gross approval | $1,363,300 |
| SBA guaranteed | $1,022,475 |
| Approved | 2026-04-08 |
| Lender | First Bank |
| Term (months) | 306 |
| Industry | Drinking Places (Alcoholic Beverages) |
| NAICS | 722410 |
| Business type | CORPORATION |
| Business age | Startup, Loan Funds will Open Business |
| Jobs supported | 10 |

## Why this score
- Approval of $500K or more.
- New business: still buying services and equipment.

Source: U.S. Small Business Administration 7(a) and 504 FOIA loan data (https://data.sba.gov/dataset/7a-504-foia). Last refreshed: 2026-11-04T01:29:00.118Z.
Loan data comes from SBA public FOIA files, which SBA refreshes quarterly, so the newest approvals can lag by up to about four months. Sole proprietors and street addresses are excluded. Informational only.