SERVPRO of Kosciusko, Philadelphia, Greenwood
SERVPRO of Kosciusko, Philadelphia, Greenwood is a remediation services business in Fairhope, Alabama, in the 562910 NAICS category. The company was financed with an SBA 7(a) loan for a change of ownership of $875,000, approved on March 4, 2025 through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Mar 4, 2025
$875,000 approvedLender: Live Oak Banking Company10 years termPaid in fullLoan details
- Gross approval
- $875,000
- SBA-guaranteed amount
- $656,250 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 4, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $11,084 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 1, 2025
- Loan status
- Paid in full
- Jobs supported
- 22
- Business type
- Corporation
- NAICS
- 562910, Remediation Services
- Project location
- Attala County, MS
- SBA district office
- Mississippi District Office
- Congressional district
- MS-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 29% of acquisition loans in Remediation Services on this site.
- Average acquisition loan in Remediation Services: $1,662,217.
- Average acquisition loan in Alabama: $1,764,717.
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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