Savannah Civil Sitework LLC
Savannah Civil Sitework LLC, located in Syracuse, NY, operates in the Other Heavy and Civil Engineering Construction industry (NAICS 237990). The company was financed with an SBA 7(a) loan for a change of ownership of $3,396,000, approved on March 12, 2025, by FDIC - Community Bank & Trust-West Georgia.
SBA 7(a) loan, change of ownership, approved Mar 12, 2025
$3,396,000 approvedLender: FDIC - Community Bank & Trust-West Georgia10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,396,000
- SBA-guaranteed amount
- $2,547,000 (75% of the approval)
- Lender
- FDIC - Community Bank & Trust-West Georgia, LaGrange, GA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 12, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $45,824 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 237990, Other Heavy and Civil Engineering Construction
- Project location
- Onondaga County, NY
- SBA district office
- Syracuse District Office
- Congressional district
- NY-24
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 65% of acquisition loans in Other Heavy and Civil Engineering Construction on this site.
- Average acquisition loan in Other Heavy and Civil Engineering Construction: $2,317,180.
- Average acquisition loan in New York: $1,771,512.
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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