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Sterling Service Partners, LLC

Dallas, TX · Janitorial Services · NAICS 561720

Sterling Service Partners, LLC is a janitorial services business located in Dallas, Texas, classified under NAICS code 561720. The company was financed with an SBA 7(a) loan for a change of ownership of $1.6 million, approved on June 27, 2024 by Texas Capital Bank.

SBA 7(a) loan, change of ownership, approved Jun 27, 2024

$1,562,400 approvedLender: Texas Capital Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,562,400
SBA-guaranteed amount
$1,171,800 (75% of the approval)
Lender
Texas Capital Bank, Dallas, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.5%, variable
Term
10 years (120 months)
Estimated maturity
June 27, 2034 (estimated, approval date plus term)
Estimated monthly payment
$18,546 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 5, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
561720, Janitorial Services
Project location
Dallas County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-24
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 81% of acquisition loans in Janitorial Services on this site.
  • Average acquisition loan in Janitorial Services: $1,070,529.
  • 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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Same industry in Texas