Knight Construction & Associates, Inc.
Knight Construction & Associates, Inc. is a drywall and insulation contractor located in Covington, GA, classified under NAICS code 238310. The company financed real estate or equipment through an SBA 504 loan of $1,866,000, approved on September 14, 2024, with Truist Bank as the lender and Florida Business Development Corporation as the certified development company.
SBA 504 loan, approved Sep 14, 2024
$1,866,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,866,000
- Bank portion
- $2,368,000
- Estimated project size
- $4,704,444 (estimated)
- Estimated owner equity
- $470,444 (estimated, about 10% of the project)
- Bank lender
- Truist Bank, Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 14, 2049 (estimated, approval date plus term)
- First disbursement
- Apr 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 238310, Drywall and Insulation Contractors
- Project location
- Newton County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-4
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 60% of expansion loans in Drywall and Insulation Contractors on this site.
- Average expansion loan in Drywall and Insulation Contractors: $1,673,800.
- Average expansion loan in Georgia: $2,201,121.
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 Georgia
- Koala Insulation of Central Atlanta, Atlanta
- Triad Drywall, Atlanta
- T-N-T Insulation and Spray Foam, Inc., Rockmart