Main Street Registry

SM Trucking, Inc.

Schertz, TX · Couriers and Express Delivery Services · NAICS 492110

SM Trucking, Inc. is a courier and express delivery services business in Schertz, Texas, in the NAICS category for couriers and express delivery services. The company was financed with an SBA 7(a) loan for a change of ownership of $855,000, approved on August 29, 2024, through Falcon National Bank. The loan is reported with 17 jobs.

SBA 7(a) loan, change of ownership, approved Aug 29, 2024

$855,000 approvedLender: Falcon National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$855,000
SBA-guaranteed amount
$641,250 (75% of the approval)
Lender
Falcon National Bank, Foley, MN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
August 29, 2034 (estimated, approval date plus term)
Estimated monthly payment
$11,537 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
492110, Couriers and Express Delivery Services
Project location
Guadalupe County, TX
SBA district office
San Antonio District Office
Congressional district
TX-15
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 35% of acquisition loans in Couriers and Express Delivery Services on this site.
  • Average acquisition loan in Couriers and Express Delivery Services: $1,263,343.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Texas