Erasmus Bridge Holdings LLC
Erasmus Bridge Holdings LLC is located in Houston, TX, and the SBA lists its industry as All Other Amusement and Recreation Industries. It was approved for an SBA 7(a) loan of $643,000 for a change of ownership on June 18, 2024.
SBA 7(a) loan, change of ownership, approved Jun 18, 2024
- Gross approval
- $643,000
- SBA-guaranteed amount
- $482,250 (75% of the approval)
- Lender
- Banesco USA, Miami, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 18, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,949 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 25, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 713990, All Other Amusement and Recreation Industries
- Project location
- Harris County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 17% of acquisition loans in All Other Amusement and Recreation Industries on this site.
- Average acquisition loan in All Other Amusement and Recreation Industries: $1,649,888.
- 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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