Pillar Restoration Group, LLC
Pillar Restoration Group, LLC is a remediation services business in Knoxville, Tennessee, in the industry classified under NAICS code 562910. The company was financed with an SBA 7(a) loan for a change of ownership, with two loans approved on June 5, 2026, totaling $1,420,000 from Live Oak Banking Company, and the loans list 8 jobs and the franchise Paul Davis Restoration.
SBA 7(a) loan, change of ownership, approved Jun 5, 2026
$920,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $920,000
- SBA-guaranteed amount
- $690,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- June 5, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $7,254 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 1, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 562910, Remediation Services
- Franchise
- Paul Davis Restoration
- Project location
- Knox County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 37% of acquisition loans in Remediation Services on this site.
- Average acquisition loan in Remediation Services: $1,662,217.
- Average acquisition loan in Tennessee: $1,738,925.
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.
SBA 7(a) loan, change of ownership, approved Jun 5, 2026
$500,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 8.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 5, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $6,133 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 1, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 562910, Remediation Services
- Franchise
- Paul Davis Restoration
- Project location
- Knox County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in Remediation Services: $1,662,217.
- Average acquisition loan in Tennessee: $1,738,925.
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.
Is this your company? Claim or correct this listing. See Corrections.