AJ Rice Investments, LLC
AJ Rice Investments, LLC is a remediation services business located in Cartersville, GA, classified under NAICS code 562910. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $800,000, approved by United Community Bank on September 6, 2024.
SBA 7(a) loan, change of ownership, approved Sep 6, 2024
$800,000 approvedLender: United Community Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $800,000
- SBA-guaranteed amount
- $600,000 (75% of the approval)
- Lender
- United Community Bank, Greenville, SC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 6, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,352 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 27, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 562910, Remediation Services
- Project location
- Bartow County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 23% of acquisition loans in Remediation Services on this site.
- Average acquisition loan in Remediation Services: $1,662,217.
- Average acquisition loan in Georgia: $2,017,638.
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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