Main Street Registry

Paul Davis of Greater Savannah

Savannah, GA · Remediation Services · NAICS 562910

Paul Davis of Greater Savannah is a remediation services business in Savannah, Georgia, in the NAICS 562910 industry. It was financed with an SBA 7(a) loan for a change of ownership of $755,000, approved by The Huntington National Bank on July 30, 2024.

SBA 7(a) loan, change of ownership, approved Jul 30, 2024

$755,000 approvedLender: The Huntington National Bank10 years termPaid in fullLoan details
Gross approval
$755,000
SBA-guaranteed amount
$566,250 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
10 years (120 months)
Estimated maturity
July 30, 2034 (estimated, approval date plus term)
Estimated monthly payment
$10,400 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 31, 2024
Loan status
Paid in full
Jobs supported
16
Business type
Corporation
NAICS
562910, Remediation Services
Franchise
Paul Davis Restoration
Project location
Chatham 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)
  • Larger than 20% 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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Same industry in Georgia