Burgess Asset Group, LLC
Burgess Asset Group, LLC is a portfolio management and investment advice business in Greenville, South Carolina. The company financed real estate or equipment through an SBA 504 loan of $1.46 million, approved on October 29, 2024, with Bank of Travelers Rest as the bank partner and Appalachian Development Corporation as the certified development company.
SBA 504 loan, approved Oct 29, 2024
$1,460,000 SBA portionCDC: Appalachian Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,460,000
- Bank portion
- $1,782,500
- Estimated project size
- $3,602,778 (estimated)
- Estimated owner equity
- $360,278 (estimated, about 10% of the project)
- Bank lender
- Bank of Travelers Rest, Travelers Rest, SC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 29, 2049 (estimated, approval date plus term)
- First disbursement
- Jan 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- Corporation
- NAICS
- 523940, Portfolio Management and Investment Advice
- Project location
- Greenville County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-4
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 27% of expansion loans in Portfolio Management and Investment Advice on this site.
- Average expansion loan in Portfolio Management and Investment Advice: $1,688,455.
- Average expansion loan in South Carolina: $2,088,205.
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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