Reedy & Company Realtors, LLC
Reedy & Company Realtors, LLC is an office of real estate agents and brokers located in Memphis, Tennessee. The company was financed with an SBA 7(a) loan for a change of ownership, with two loans totaling $2,574,500 approved by Paragon Bank on December 16, 2024.
SBA 7(a) loan, change of ownership, approved Dec 16, 2024
$1,428,600 approvedLender: Paragon Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,428,600
- SBA-guaranteed amount
- $1,071,450 (75% of the approval)
- Lender
- Paragon Bank, Memphis, TN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 16, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $17,904 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 2, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 48
- Business type
- Corporation
- NAICS
- 531210, Offices of Real Estate Agents and Brokers
- Project location
- Shelby County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 54% of acquisition loans in Offices of Real Estate Agents and Brokers on this site.
- Average acquisition loan in Offices of Real Estate Agents and Brokers: $1,593,492.
- 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.
SBA 7(a) loan, change of ownership, approved Dec 16, 2024
$1,145,900 approvedLender: Paragon Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,145,900
- SBA-guaranteed amount
- $859,425 (75% of the approval)
- Lender
- Paragon Bank, Memphis, TN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 16, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $14,361 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 2, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 48
- Business type
- Corporation
- NAICS
- 531210, Offices of Real Estate Agents and Brokers
- Project location
- Shelby County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 46% of acquisition loans in Offices of Real Estate Agents and Brokers on this site.
- Average acquisition loan in Offices of Real Estate Agents and Brokers: $1,593,492.
- 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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