Pilarry Enterprises, LLC
Pilarry Enterprises, LLC is located in Walnut Springs, TX, and the SBA lists its industry as Drinking Places (Alcoholic Beverages). It was approved for an SBA 7(a) loan of $1,901,000 for a change of ownership on October 16, 2024.
SBA 7(a) loan, change of ownership, approved Oct 16, 2024
- Gross approval
- $1,901,000
- SBA-guaranteed amount
- $1,425,750 (75% of the approval)
- Lender
- Midwest Regional Bank, Festus, MO
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 11.25%, variable
- Term
- 23 years, 9 months (285 months)
- Estimated maturity
- July 16, 2048 (estimated, approval date plus term)
- Estimated monthly payment
- $19,163 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 4, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 26
- Business type
- Corporation
- NAICS
- 722410, Drinking Places (Alcoholic Beverages)
- Project location
- Somervell County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-25
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 88% of acquisition loans in Drinking Places (Alcoholic Beverages) on this site.
- Average acquisition loan in Drinking Places (Alcoholic Beverages): $1,078,366.
- 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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