Red Dog Ranch Ventures Inc.
Red Dog Ranch Ventures Inc. is located in Boerne, TX, and the SBA lists its industry as Pet Care (except Veterinary) Services. It was approved for an SBA 7(a) loan of $1,300,000 for a change of ownership on November 15, 2023.
SBA 7(a) loan, change of ownership, approved Nov 15, 2023
- Gross approval
- $1,300,000
- SBA-guaranteed amount
- $975,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- November 15, 2048 (estimated, approval date plus term)
- Estimated monthly payment
- $10,910 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 19, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 812910, Pet Care (except Veterinary) Services
- Project location
- Kendall County, TX
- SBA district office
- San Antonio District Office
- Congressional district
- TX-21
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 64% of acquisition loans in Pet Care (except Veterinary) Services on this site.
- Average acquisition loan in Pet Care (except Veterinary) Services: $1,325,264.
- 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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