Main Street Registry

Servpro of Washington

Washington, NC · Residential Remodelers · NAICS 236118

Servpro of Washington, located in Washington, North Carolina, operates in the residential remodelers industry (NAICS 236118). The company was financed with an SBA 7(a) loan for a change of ownership, approved on September 29, 2025, in the amount of $2,671,000 through First Bank, and the loan is reported with 22 jobs and a Servpro franchise affiliation.

SBA 7(a) loan, change of ownership, approved Sep 29, 2025

$2,671,000 approvedLender: First Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,671,000
SBA-guaranteed amount
$2,003,250 (75% of the approval)
Lender
First Bank, Southern Pines, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
September 29, 2035 (estimated, approval date plus term)
Estimated monthly payment
$35,297 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
22
Business type
Corporation
NAICS
236118, Residential Remodelers
Franchise
Servpro
Project location
Beaufort County, NC
SBA district office
North Carolina District Office
Congressional district
NC-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 81% of acquisition loans in Residential Remodelers on this site.
  • Average acquisition loan in Residential Remodelers: $1,623,835.
  • Average acquisition loan in North Carolina: $1,952,444.

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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Same industry in North Carolina