4M Equipment Rental, LLC
4M Equipment Rental, LLC is located in Lake Worth, Texas, in the All Other Consumer Goods Rental industry (NAICS 532289). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $925,000, approved on May 3, 2024 by Worthington Bank. The loan records list 5 jobs.
SBA 7(a) loan, change of ownership, approved May 3, 2024
$925,000 approvedLender: Worthington Bank119 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $925,000
- SBA-guaranteed amount
- $693,750 (75% of the approval)
- Lender
- Worthington Bank, Arlington, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 9 years, 11 months (119 months)
- Estimated maturity
- April 3, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $12,030 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 22, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 532289, All Other Consumer Goods Rental
- Project location
- Tarrant County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-12
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 35% of acquisition loans in All Other Consumer Goods Rental on this site.
- Average acquisition loan in All Other Consumer Goods Rental: $1,481,047.
- Average acquisition loan in Texas: $1,944,682.
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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