Main Street Registry

Smart Shades USA LLC

Houston, TX · Coin-Operated Laundries and Drycleaners · NAICS 812310

Smart Shades USA LLC is a business in Houston, Texas, in the coin-operated laundries and drycleaners industry (NAICS 812310). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,684,700, approved on November 8, 2023, through Prosperity Bank.

SBA 7(a) loan, change of ownership, approved Nov 8, 2023

$1,684,700 approvedLender: Prosperity Bank123 months termStatus not reported (SBA exemption)Loan details
Gross approval
$1,684,700
SBA-guaranteed amount
$1,263,525 (75% of the approval)
Lender
Prosperity Bank, El Campo, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years, 3 months (123 months)
Estimated maturity
February 8, 2034 (estimated, approval date plus term)
Estimated monthly payment
$21,481 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 9, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
812310, Coin-Operated Laundries and Drycleaners
Project location
Harris County, TX
SBA district office
Houston District Office
Congressional district
TX-07
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 79% of acquisition loans in Coin-Operated Laundries and Drycleaners on this site.
  • Average acquisition loan in Coin-Operated Laundries and Drycleaners: $1,337,074.
  • 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