Lone Star Cabinetry LLC
Lone Star Cabinetry LLC is located in Pilot Point, TX, and the SBA lists its industry as Wood Kitchen Cabinet and Countertop Manufacturing. It was approved for an SBA 7(a) loan of $3,554,000 for a change of ownership on May 29, 2024.
SBA 7(a) loan, change of ownership, approved May 29, 2024
- Gross approval
- $3,554,000
- SBA-guaranteed amount
- $2,665,500 (75% of the approval)
- Lender
- Security National Bank of Omaha, Omaha, NE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 29, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $46,966 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 28, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 52
- Business type
- Corporation
- NAICS
- 337110, Wood Kitchen Cabinet and Countertop Manufacturing
- Project location
- Denton County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 84% of acquisition loans in Wood Kitchen Cabinet and Countertop Manufacturing on this site.
- Average acquisition loan in Wood Kitchen Cabinet and Countertop Manufacturing: $1,828,277.
- 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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