Commercial Pool Management LLC
Commercial Pool Management LLC, located in Roswell, Georgia, operates in the Other Services to Buildings and Dwellings industry. The company was financed with an SBA 7(a) loan for a change of ownership of $730,000, provided by The Huntington National Bank, with an approval date of December 28, 2023.
SBA 7(a) loan, change of ownership, approved Dec 28, 2023
$730,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $730,000
- SBA-guaranteed amount
- $547,500 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 28, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $9,850 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 5, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 561790, Other Services to Buildings and Dwellings
- Project location
- Fulton County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 23% of acquisition loans in Other Services to Buildings and Dwellings on this site.
- Average acquisition loan in Other Services to Buildings and Dwellings: $1,196,922.
- 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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