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Gainesville Physical Therapy, Inc.

Gainesville, GA · Offices of Physical, Occupational and Speech Therapists, and Audiologists · NAICS 621340

Gainesville Physical Therapy, Inc. is an offices of physical, occupational and speech therapists and audiologists business located in Gainesville, Georgia. It was financed with an SBA 7(a) loan for a change of ownership of $690,000, approved on June 10, 2024, through United Community Bank.

SBA 7(a) loan, change of ownership, approved Jun 10, 2024

$690,000 approvedLender: United Community Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$690,000
SBA-guaranteed amount
$517,500 (75% of the approval)
Lender
United Community Bank, Greenville, SC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
June 10, 2034 (estimated, approval date plus term)
Estimated monthly payment
$9,407 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 1, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
24
Business type
Corporation
NAICS
621340, Offices of Physical, Occupational and Speech Therapists, and Audiologists
Project location
Hall County, GA
SBA district office
Georgia District Office
Congressional district
GA-09
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 12% of acquisition loans in Offices of Physical, Occupational and Speech Therapists, and Audiologists on this site.
  • Average acquisition loan in Offices of Physical, Occupational and Speech Therapists, and Audiologists: $1,372,788.
  • 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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