Raghu Pepes Inc
Raghu Pepes Inc is located in Dallas, TX, and the SBA lists its industry as Convenience Retailers. It was approved for an SBA 7(a) loan of $1,975,000 for a change of ownership on October 12, 2023.
SBA 7(a) loan, change of ownership, approved Oct 12, 2023
- Gross approval
- $1,975,000
- SBA-guaranteed amount
- $1,481,250 (75% of the approval)
- Lender
- Open Bank, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- October 12, 2048 (estimated, approval date plus term)
- Estimated monthly payment
- $17,600 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 23, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 445131, Convenience Retailers
- 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
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 88% of acquisition loans in Convenience Retailers on this site.
- Average acquisition loan in Convenience Retailers: $1,185,102.
- 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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