Property Loss Services, Inc
Property Loss Services, Inc is located in Peachtree Corners, GA, and the SBA lists its industry as Claims Adjusting. It was approved for an SBA 7(a) loan of $520,000 for a change of ownership on June 10, 2024.
SBA 7(a) loan, change of ownership, approved Jun 10, 2024
- Gross approval
- $520,000
- SBA-guaranteed amount
- $390,000 (75% of the approval)
- Lender
- First Horizon Bank, Memphis, TN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 10, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,163 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 1, 2024
- Loan status
- Paid in full
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 524291, Claims Adjusting
- Project location
- Gwinnett County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Claims Adjusting: $542,750.
- 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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