Tessera TWP LLC
Tessera TWP LLC is located in Silver Spring, MD, and the SBA lists its industry as Plumbing, Heating, and Air-Conditioning Contractors. It was approved for an SBA 7(a) loan of $2,150,000 for a change of ownership on January 26, 2024.
SBA 7(a) loan, change of ownership, approved Jan 26, 2024
- Gross approval
- $2,150,000
- SBA-guaranteed amount
- $1,612,500 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 26, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $29,011 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 8, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 238220, Plumbing, Heating, and Air-Conditioning Contractors
- Project location
- Montgomery County, MD
- SBA district office
- Washington District Office
- Congressional district
- MD-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 72% of acquisition loans in Plumbing, Heating, and Air-Conditioning Contractors on this site.
- Average acquisition loan in Plumbing, Heating, and Air-Conditioning Contractors: $1,758,508.
- Average acquisition loan in Maryland: $1,627,337.
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 Maryland
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