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G & L Stx Properties, LLC.

Laredo, TX · Other Building Finishing Contractors · NAICS 238390

G & L Stx Properties, LLC. is a business in Laredo, Texas, in the other building finishing contractors industry (NAICS 238390). The company financed real estate or equipment through an SBA 504 loan of $1,572,000, approved on October 28, 2023, with a bank portion from IBC Bancorp, Inc. and Texas Certified Development Company, Inc. as the certified development company.

SBA 504 loan, approved Oct 28, 2023

$1,572,000 SBA portionCDC: Texas Certified Development Company, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,572,000
Bank portion
$1,918,552
Estimated project size
$3,878,391 (estimated)
Estimated owner equity
$387,839 (estimated, about 10% of the project)
Bank lender
IBC Bancorp, Inc., Chicago, IL
CDC
Texas Certified Development Company, Inc.
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
October 28, 2048 (estimated, approval date plus term)
First disbursement
Jan 14, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
18
Business type
Corporation
NAICS
238390, Other Building Finishing Contractors
Project location
Webb County, TX
SBA district office
San Antonio District Office
Congressional district
TX-28
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 38% of expansion loans in Other Building Finishing Contractors on this site.
  • Average expansion loan in Other Building Finishing Contractors: $1,875,875.
  • Average expansion loan in Texas: $2,316,979.

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 Texas