Georgia Mental Health Center, LLC
Georgia Mental Health Center, LLC, located in Cumming, GA, operates in the offices of physicians and mental health specialists industry. The company financed real estate or equipment through an SBA 504 loan of $1,383,000, with Bank of America, National Association as the bank partner and Florida Business Development Corporation as the certified development company, approved on October 8, 2024.
SBA 504 loan, approved Oct 8, 2024
$1,383,000 SBA portionCDC: Florida Business Development Corporation25 years termPaid in fullLoan details
- SBA (CDC) portion
- $1,383,000
- Bank portion
- $2,300,000
- Estimated project size
- $4,092,222 (estimated)
- Estimated owner equity
- $409,222 (estimated, about 10% of the project)
- Bank lender
- Bank of America, National Association, Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 8, 2049 (estimated, approval date plus term)
- First disbursement
- May 14, 2025
- Loan status
- Paid in full
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 621112, Offices of Physicians, Mental Health Specialists
- Project location
- Forsyth County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-7
- Collateral
- Yes
Estimated share of project by source
Bank 56% SBA (CDC) 34% Owner 10%
- Average expansion loan in Offices of Physicians, Mental Health Specialists: $2,182,714.
- 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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