Rb Film LLC
Rb Film LLC is an automotive parts and accessories retailer located in Houston, Texas. The business was financed with an SBA 7(a) loan for a change of ownership totaling $870,000, approved on October 9, 2024, through Truist Bank.
SBA 7(a) loan, change of ownership, approved Oct 9, 2024
$870,000 approvedLender: Truist Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $870,000
- SBA-guaranteed amount
- $652,500 (75% of the approval)
- Lender
- Truist Bank, Charlotte, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- October 9, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $11,984 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 25, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 441330, Automotive Parts and Accessories Retailers
- Project location
- Harris County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 45% of acquisition loans in Automotive Parts and Accessories Retailers on this site.
- Average acquisition loan in Automotive Parts and Accessories Retailers: $1,270,623.
- 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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