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Dallas Knife Works

Garland, TX · Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance · NAICS 811310

Dallas Knife Works is a business in Garland, TX, in the commercial and industrial machinery and equipment repair and maintenance industry (NAICS 811310). It was financed with an SBA 7(a) loan for a change of ownership of $600,000, approved on December 9, 2023 by Readycap Lending, LLC.

SBA 7(a) loan, change of ownership, approved Dec 9, 2023

$600,000 approvedLender: Readycap Lending, LLC10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$600,000
SBA-guaranteed amount
$450,000 (75% of the approval)
Lender
Readycap Lending, LLC, Berkeley Heights, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
10 years (120 months)
Estimated maturity
December 9, 2033 (estimated, approval date plus term)
Estimated monthly payment
$8,350 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 2, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
811310, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
Project location
Dallas County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 10% of acquisition loans in Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance on this site.
  • Average acquisition loan in Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance: $1,576,060.
  • 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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