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Speech Therapy of Forsyth, LLC

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

Speech Therapy of Forsyth, LLC is located in Alpharetta, Georgia, and is classified in the offices of physical, occupational and speech therapists, and audiologists industry. The company was financed with an SBA 7(a) loan for a change of ownership of $873,600, approved on October 23, 2024, through Locality Bank.

SBA 7(a) loan, change of ownership, approved Oct 23, 2024

$873,600 approvedLender: Locality Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$873,600
SBA-guaranteed amount
$655,200 (75% of the approval)
Lender
Locality Bank, Fort Lauderdale, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
October 23, 2034 (estimated, approval date plus term)
Estimated monthly payment
$11,788 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 10, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
621340, Offices of Physical, Occupational and Speech Therapists, and Audiologists
Project location
Forsyth 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)
  • Larger than 29% 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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Same industry in Georgia