Main Street Registry

R&G Home Concepts LLC

Katy, TX · Other Building Material Dealers · NAICS 444180

R&G Home Concepts LLC is a company in Katy, Texas, in the Other Building Material Dealers industry (NAICS 444180). The company was financed with an SBA 7(a) loan for a change of ownership of $1,456,000, approved on February 8, 2024, through First Bank of the Lake, with a 120-month term and 6 jobs reported.

SBA 7(a) loan, change of ownership, approved Feb 8, 2024

$1,456,000 approvedLender: First Bank of the Lake10 years termPaid in fullLoan details
Gross approval
$1,456,000
SBA-guaranteed amount
$1,092,000 (75% of the approval)
Lender
First Bank of the Lake, Osage Beach, MO
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
February 8, 2034 (estimated, approval date plus term)
Estimated monthly payment
$19,241 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 23, 2024
Loan status
Paid in full
Jobs supported
6
Business type
Corporation
NAICS
444180, Other Building Material Dealers
Project location
Harris County, TX
SBA district office
Houston District Office
Congressional district
TX-07
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 49% of acquisition loans in Other Building Material Dealers on this site.
  • Average acquisition loan in Other Building Material Dealers: $1,898,107.
  • 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