Main Street Registry

Foreign Affair Real Estate LLC

Schertz, TX · General Automotive Repair · NAICS 811111

Foreign Affair Real Estate LLC is a general automotive repair business located in Schertz, TX. It was financed with an SBA 7(a) loan for a change of ownership of $960,400, approved on October 28, 2023, by First United Bank and Trust Company.

SBA 7(a) loan, change of ownership, approved Oct 28, 2023

$960,400 approvedLender: First United Bank and Trust Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$960,400
SBA-guaranteed amount
$720,300 (75% of the approval)
Lender
First United Bank and Trust Company, Durant, OK
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10%, variable
Term
25 years (300 months)
Estimated maturity
October 28, 2048 (estimated, approval date plus term)
Estimated monthly payment
$8,727 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 30, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Guadalupe County, TX
SBA district office
San Antonio District Office
Congressional district
TX-15
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 42% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • 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