Autocartel Texas LLC
Autocartel Texas LLC is located in Southlake, TX, and the SBA lists its industry as Advertising Agencies. It was approved for an SBA 7(a) loan of $553,100 for a change of ownership on December 10, 2024.
SBA 7(a) loan, change of ownership, approved Dec 10, 2024
- Gross approval
- $553,100
- SBA-guaranteed amount
- $414,825 (75% of the approval)
- Lender
- First Financial Bank, Abilene, TX
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 10, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,309 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 1, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 125
- Business type
- Corporation
- NAICS
- 541810, Advertising Agencies
- Project location
- Tarrant County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-24
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 12% of acquisition loans in Advertising Agencies on this site.
- Average acquisition loan in Advertising Agencies: $1,888,400.
- 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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Texas
- Atkins International LLC, Leander
- Little Dog Agency Acquisitions LLC, Red Oak
- BBIG Communications, Inc., Dallas
- Holdsworth & Nicholas, Inc., San Antonio
- Forbis Productions LLC, San Antonio