MVPwork Staffing LLC
MVPwork Staffing LLC is located in Canton, GA, and the SBA lists its industry as Temporary Help Services. It was approved for an SBA 7(a) loan of $950,000 for a change of ownership on March 13, 2025.
SBA 7(a) loan, change of ownership, approved Mar 13, 2025
- Gross approval
- $950,000
- SBA-guaranteed amount
- $712,500 (75% of the approval)
- Lender
- Truliant FCU, Winston-Salem, NC
- 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 13, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $12,686 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 28, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 561320, Temporary Help Services
- Franchise
- Express Employment Professional
- Project location
- Cherokee County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 27% of acquisition loans in Temporary Help Services on this site.
- Average acquisition loan in Temporary Help Services: $1,948,736.
- 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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