Atlantic Maintenance Industrial Services LLC
Atlantic Maintenance Industrial Services LLC is a structural steel and precast concrete contractor located in Guyton, Georgia. It was financed with an SBA 7(a) loan for a change of ownership of $3,925,000, approved on March 1, 2024 by Byline Bank.
SBA 7(a) loan, change of ownership, approved Mar 1, 2024
$3,925,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,925,000
- SBA-guaranteed amount
- $2,943,750 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 1, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $54,624 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 46
- Business type
- Corporation
- NAICS
- 238120, Structural Steel and Precast Concrete Contractors
- Project location
- Effingham County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Structural Steel and Precast Concrete Contractors: $1,733,000.
- 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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