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Febos Louisiana LLC

West Monroe, LA · All Other Specialty Trade Contractors · NAICS 238990

Febos Louisiana LLC is a business located in West Monroe, Louisiana, in the All Other Specialty Trade Contractors industry (NAICS 238990). The company was financed with an SBA 7(a) loan for a change of ownership, approved on October 24, 2024, in the amount of $568,000 through VelocitySBA, LLC.

SBA 7(a) loan, change of ownership, approved Oct 24, 2024

$568,000 approvedLender: VelocitySBA, LLC25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$568,000
SBA-guaranteed amount
$426,000 (75% of the approval)
Lender
VelocitySBA, LLC, Irving, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
25 years (300 months)
Estimated maturity
October 24, 2049 (estimated, approval date plus term)
Estimated monthly payment
$5,465 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 31, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
27
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Ouachita County, LA
SBA district office
Louisiana District Office
Congressional district
LA-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 12% of acquisition loans in All Other Specialty Trade Contractors on this site.
  • Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
  • Average acquisition loan in Louisiana: $1,702,056.

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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Same industry in Louisiana