Appalachian Material Service, Inc.
Appalachian Material Service, Inc., located in Fort Meade, Florida, operates in the other nonhazardous waste treatment and disposal industry (NAICS 562219). The company was financed with an SBA 7(a) loan for a change of ownership of $3,042,000, approved on October 31, 2024 by Live Oak Banking Company, and the loan is reported with 9 jobs.
SBA 7(a) loan, change of ownership, approved Oct 31, 2024
$3,042,000 approvedLender: Live Oak Banking Company14 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,042,000
- SBA-guaranteed amount
- $2,281,500 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 14 years (168 months)
- Estimated maturity
- October 31, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $33,712 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 562219, Other Nonhazardous Waste Treatment and Disposal
- Project location
- Polk County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Other Nonhazardous Waste Treatment and Disposal: $2,334,833.
- Average acquisition loan in Florida: $1,808,559.
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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