Main Street Registry

ServPro of White Plains and New Rochelle

Harrison, NY · Janitorial Services · NAICS 561720

ServPro of White Plains and New Rochelle, located in Harrison, New York, operates in the janitorial services industry (NAICS 561720) and is a Servpro franchise. The business was financed with an SBA 7(a) loan for a change of ownership totaling $3,487,000, approved by Seacoast National Bank on February 4, 2024, and the loan is reported to support 15 jobs.

SBA 7(a) loan, change of ownership, approved Feb 4, 2024

$3,487,000 approvedLender: Seacoast National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,487,000
SBA-guaranteed amount
$2,615,250 (75% of the approval)
Lender
Seacoast National Bank, Stuart, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
10 years (120 months)
Estimated maturity
February 4, 2034 (estimated, approval date plus term)
Estimated monthly payment
$48,033 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 1, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
561720, Janitorial Services
Franchise
Servpro
Project location
Westchester County, NY
SBA district office
New York District Office
Congressional district
NY-16
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 99% of acquisition loans in Janitorial Services on this site.
  • Average acquisition loan in Janitorial Services: $1,070,529.
  • 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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Same industry in New York