ADE Construction Consultants Inc.
ADE Construction Consultants Inc. is located in Stone Mountain, GA, and the SBA lists its industry as All Other Professional, Scientific, and Technical Services. It was approved for an SBA 7(a) loan of $1,326,300 for a change of ownership on July 24, 2024.
SBA 7(a) loan, change of ownership, approved Jul 24, 2024
- Gross approval
- $1,326,300
- SBA-guaranteed amount
- $994,725 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 24, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $18,458 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 19, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 541990, All Other Professional, Scientific, and Technical Services
- Project location
- Gwinnett County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 54% of acquisition loans in All Other Professional, Scientific, and Technical Services on this site.
- Average acquisition loan in All Other Professional, Scientific, and Technical Services: $1,682,572.
- Average acquisition loan in Georgia: $2,017,638.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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