The Dominion Foods Group LLC
The Dominion Foods Group LLC is a meat and meat product merchant wholesaler located in Bryan, Texas. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $5,000,000 from Live Oak Banking Company, approved on April 6, 2024.
SBA 7(a) loan, change of ownership, approved Apr 6, 2024
$5,000,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (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
- 10.54%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 6, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $67,580 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 22, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 100
- Business type
- Corporation
- NAICS
- 424470, Meat and Meat Product Merchant Wholesalers
- Project location
- Brazos County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-17
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Meat and Meat Product Merchant Wholesalers: $2,890,700.
- 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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Texas
- Titan Meats L.L.C., Hidalgo
- Sam Farms LLC, San Antonio