Units Moving and Portable Storage of Atlanta
Units Moving and Portable Storage of Atlanta, located in Lithia Springs, Georgia, operates in the used household and office goods moving industry (NAICS 484210). The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,000,000, approved on May 9, 2024 by Live Oak Banking Company, and the loan reports 4 jobs.
SBA 7(a) loan, change of ownership, approved May 9, 2024
$1,000,000 approvedLender: Live Oak Banking Company15 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,000,000
- SBA-guaranteed amount
- $750,000 (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
- 9.25%, variable
- Term
- 15 years (180 months)
- Estimated maturity
- May 9, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $10,292 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 484210, Used Household and Office Goods Moving
- Project location
- Douglas County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 44% of acquisition loans in Used Household and Office Goods Moving on this site.
- Average acquisition loan in Used Household and Office Goods Moving: $1,726,088.
- 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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