Triple R Paving & Construction LLC
Triple R Paving & Construction LLC is a highway, street, and bridge construction business in Lake City, GA, classified under NAICS code 237310. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,036,000, approved on September 12, 2024, with Pinnacle Bank as the bank lender and Capital Partners Certified Development Company as the certified development company.
SBA 504 loan, approved Sep 12, 2024
$1,036,000 SBA portionCDC: Capital Partners Certified Development Company25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,036,000
- Bank portion
- $1,430,000
- Estimated project size
- $2,740,000 (estimated)
- Estimated owner equity
- $274,000 (estimated, about 10% of the project)
- Bank lender
- Pinnacle Bank, Nashville, TN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 12, 2049 (estimated, approval date plus term)
- First disbursement
- Nov 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 40
- Business type
- Corporation
- NAICS
- 237310, Highway, Street, and Bridge Construction
- Project location
- Clayton County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-5
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Average expansion loan in Highway, Street, and Bridge Construction: $1,681,571.
- Average expansion loan in Georgia: $2,201,121.
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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