Blue Field Services Inc
Blue Field Services Inc is located in Leesburg, GA, and the SBA lists its industry as Carpet and Upholstery Cleaning Services. It was approved for an SBA 7(a) loan of $1,360,500 for a change of ownership on November 21, 2023.
SBA 7(a) loan, change of ownership, approved Nov 21, 2023
- Gross approval
- $1,360,500
- SBA-guaranteed amount
- $1,020,375 (75% of the approval)
- Lender
- Cape and Coast Bank, Hyannis, MA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 21, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $16,687 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 28, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 61
- Business type
- Corporation
- NAICS
- 561740, Carpet and Upholstery Cleaning Services
- Franchise
- Stanley Steemer
- Project location
- Lee County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 67% of acquisition loans in Carpet and Upholstery Cleaning Services on this site.
- Average acquisition loan in Carpet and Upholstery Cleaning Services: $1,284,287.
- 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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