Main Street Registry

BR Sour Lake, LLC

Sour Lake, TX · Lessors of Miniwarehouses and Self-Storage Units · NAICS 531130

BR Sour Lake, LLC is located in Sour Lake, TX, and the SBA lists its industry as Lessors of Miniwarehouses and Self-Storage Units. It was approved for an SBA 7(a) loan of $825,000 for a change of ownership on April 12, 2024.

SBA 7(a) loan, change of ownership, approved Apr 12, 2024

Gross approval
$825,000
SBA-guaranteed amount
$618,750 (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
8.85%, variable
Term
25 years (300 months)
Estimated maturity
April 12, 2049 (estimated, approval date plus term)
Estimated monthly payment
$6,839 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 24, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
531130, Lessors of Miniwarehouses and Self-Storage Units
Project location
Hardin County, TX
SBA district office
Houston District Office
Congressional district
TX-36
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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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Same industry in Texas