Texas Contractors Equipment, Inc.
Texas Contractors Equipment, Inc. is located in Houston, TX, and the SBA lists its industry as Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers. It was approved for an SBA 7(a) loan of $2,511,300 for a change of ownership on September 4, 2026.
SBA 7(a) loan, change of ownership, approved Sep 4, 2026
- Gross approval
- $2,511,300
- SBA-guaranteed amount
- $1,883,475 (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
- 8.25%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- September 4, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $19,800 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 423810, Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers
- 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)
- Average acquisition loan in Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers: $3,396,650.
- 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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