Gilbert Furnishings Company LLC
Gilbert Furnishings Company LLC is a furniture merchant wholesaler in Dallas, Texas, classified under NAICS code 423210. The company was financed with an SBA 7(a) loan for a change of ownership of $872,700, approved April 3, 2026, through American Bank of Commerce.
SBA 7(a) loan, change of ownership, approved Apr 3, 2026
$872,700 approvedLender: American Bank of Commerce10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $872,700
- SBA-guaranteed amount
- $654,525 (75% of the approval)
- Lender
- American Bank of Commerce, Wolfforth, TX
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 3, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $10,473 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 17, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 423210, Furniture Merchant Wholesalers
- Project location
- Dallas County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-30
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 17% of acquisition loans in Furniture Merchant Wholesalers on this site.
- Average acquisition loan in Furniture Merchant Wholesalers: $2,056,542.
- 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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Same industry in Texas
- Lima Trading, LLC, Houston
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