Gordon Moving & Storage
Gordon Moving & Storage, located in Crossville, Tennessee, operates in the used household and office goods moving industry. The business was financed with an SBA 7(a) loan for a change of ownership totaling $705,000, approved on March 18, 2025, through BayFirst National Bank.
SBA 7(a) loan, change of ownership, approved Mar 18, 2025
$705,000 approvedLender: BayFirst National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $705,000
- SBA-guaranteed amount
- $528,750 (75% of the approval)
- Lender
- BayFirst National Bank, Saint Petersburg, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 18, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $9,414 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 26, 2025
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 484210, Used Household and Office Goods Moving
- Project location
- Cumberland County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 12% of acquisition loans in Used Household and Office Goods Moving on this site.
- Average acquisition loan in Used Household and Office Goods Moving: $1,726,088.
- Average acquisition loan in Tennessee: $1,738,925.
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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Same industry in Tennessee
- River City Movers LLC, Clarksville