Black & Pink Dance Supply, LLC
Black & Pink Dance Supply, LLC is an apparel accessories and other apparel manufacturing business located in Tulsa, Oklahoma. The company was financed with an SBA 7(a) loan for a change of ownership of $1,780,200, approved on April 11, 2024 by T Bank, National Association.
SBA 7(a) loan, change of ownership, approved Apr 11, 2024
$1,780,200 approvedLender: T Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,780,200
- SBA-guaranteed amount
- $1,335,150 (75% of the approval)
- Lender
- T Bank, National Association, Dallas, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 11, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $23,525 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 25, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 35
- Business type
- Corporation
- NAICS
- 315990, Apparel Accessories and Other Apparel Manufacturing
- Project location
- Tulsa County, OK
- SBA district office
- Oklahoma District Office
- Congressional district
- OK-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Apparel Accessories and Other Apparel Manufacturing: $1,691,433.
- Average acquisition loan in Oklahoma: $1,861,759.
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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