Corndawgs, Inc.
Corndawgs, Inc. is located in Peachtree Corners, GA, and the SBA lists its industry as Remediation Services. It was approved for an SBA 7(a) loan of $2,225,000 for a change of ownership on March 22, 2024.
SBA 7(a) loan, change of ownership, approved Mar 22, 2024
- Gross approval
- $2,225,000
- SBA-guaranteed amount
- $1,668,750 (75% of the approval)
- Lender
- United Community Bank, Greenville, SC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 22, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $29,404 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 40
- Business type
- Corporation
- NAICS
- 562910, Remediation Services
- Franchise
- Servpro
- Project location
- Gwinnett 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 74% of acquisition loans in Remediation Services on this site.
- Average acquisition loan in Remediation Services: $1,662,217.
- 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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