Redbird Barricades, LLC
Redbird Barricades, LLC is located in San Antonio, TX, and the SBA lists its industry as Other Support Activities for Road Transportation. It was approved for an SBA 7(a) loan of $3,500,000 for a change of ownership on January 26, 2024.
SBA 7(a) loan, change of ownership, approved Jan 26, 2024
- Gross approval
- $3,500,000
- SBA-guaranteed amount
- $2,625,000 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 26, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $48,709 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 27, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 54
- Business type
- Corporation
- NAICS
- 488490, Other Support Activities for Road Transportation
- Project location
- Bexar County, TX
- SBA district office
- San Antonio District Office
- Congressional district
- TX-20
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Other Support Activities for Road Transportation: $1,895,671.
- 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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