ANK Nobel Enterprise LLC
ANK Nobel Enterprise LLC is located in Rockwall, TX, and the SBA lists its industry as Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers. It was approved for an SBA 7(a) loan of $980,000 for a change of ownership on October 16, 2024.
SBA 7(a) loan, change of ownership, approved Oct 16, 2024
- Gross approval
- $980,000
- SBA-guaranteed amount
- $735,000 (75% of the approval)
- Lender
- Open Bank, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 16, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $12,681 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 25, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 459991, Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers
- Project location
- Rockwall County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers: $802,562.
- 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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