Carpet Cleaning & Restoration Specialists of Texas, Inc.
Carpet Cleaning & Restoration Specialists of Texas, Inc. is a carpet and upholstery cleaning services business located in Waxahachie, TX, classified under NAICS 561740. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $1.2 million, approved by Byline Bank on August 9, 2024.
SBA 7(a) loan, change of ownership, approved Aug 9, 2024
$1,225,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,225,000
- SBA-guaranteed amount
- $918,750 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 9, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $17,048 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 561740, Carpet and Upholstery Cleaning Services
- Project location
- Ellis County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 60% of acquisition loans in Carpet and Upholstery Cleaning Services on this site.
- Average acquisition loan in Carpet and Upholstery Cleaning Services: $1,284,287.
- 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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