Assessment Advisors Texas, LLC
Assessment Advisors Texas, LLC is a business in Spring, Texas, classified under the industry Offices of Other Holding Companies (NAICS 551112). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $4.5 million, approved on April 23, 2024, by Fifth Third Bank.
SBA 7(a) loan, change of ownership, approved Apr 23, 2024
$4,500,000 approvedLender: Fifth Third Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,500,000
- SBA-guaranteed amount
- $3,375,000 (75% of the approval)
- Lender
- Fifth Third Bank, Cincinnati, OH
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 23, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $54,597 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 48
- Business type
- Corporation
- NAICS
- 551112, Offices of Other Holding Companies
- Project location
- Montgomery County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 90% of acquisition loans in Offices of Other Holding Companies on this site.
- Average acquisition loan in Offices of Other Holding Companies: $2,410,520.
- 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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