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Land Grant Transport, Inc.

San Antonio, TX · General Freight Trucking, Local · NAICS 484110

Land Grant Transport, Inc. is a general freight trucking, local business located in San Antonio, Texas, operating under NAICS code 484110. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,064,100, approved on August 13, 2024, by Broadway National Bank.

SBA 7(a) loan, change of ownership, approved Aug 13, 2024

$1,064,100 approvedLender: Broadway National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,064,100
SBA-guaranteed amount
$798,075 (75% of the approval)
Lender
Broadway National Bank, San Antonio, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
August 13, 2034 (estimated, approval date plus term)
Estimated monthly payment
$14,062 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 29, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
13
Business type
Corporation
NAICS
484110, General Freight Trucking, Local
Project location
Bexar County, TX
SBA district office
San Antonio District Office
Congressional district
TX-20
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 34% of acquisition loans in General Freight Trucking, Local on this site.
  • Average acquisition loan in General Freight Trucking, Local: $1,691,140.
  • 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