Property Loss Services, Inc
Property Loss Services, Inc is a claims adjusting business located in Peachtree Corners, GA, classified under NAICS code 524291. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $520,000, approved June 10, 2024, through First Horizon Bank.
SBA 7(a) loan, change of ownership, approved Jun 10, 2024
- Gross approval
- $520,000
- SBA-guaranteed amount
- $390,000 (75% of the approval)
- Lender
- First Horizon Bank, Memphis, TN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 10, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,163 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 1, 2024
- Loan status
- Paid in full
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 524291, Claims Adjusting
- 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)
- Average acquisition loan in Claims Adjusting: $542,750.
- 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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