Cooper Foods International, LLC
Cooper Foods International, LLC, located in Dallas, TX, is classified under the industry Poultry and Poultry Product Merchant Wholesalers (NAICS 424440). The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,000,000, approved on November 29, 2023 by First American Bank.
SBA 7(a) loan, change of ownership, approved Nov 29, 2023
$1,000,000 approvedLender: First American Bank9 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,000,000
- SBA-guaranteed amount
- $750,000 (75% of the approval)
- Lender
- First American Bank, Elk Grove Village, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 9 years (108 months)
- Estimated maturity
- November 29, 2032 (estimated, approval date plus term)
- Estimated monthly payment
- $13,543 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 18, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 98
- Business type
- LLC or partnership
- NAICS
- 424440, Poultry and Poultry Product Merchant Wholesalers
- Project location
- Dallas County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-30
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Poultry and Poultry Product Merchant Wholesalers: $1,559,233.
- 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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