B&B Metal Works, LLC
B&B Metal Works, LLC is located in Carbon, Texas, and operates in fabricated structural metal manufacturing. The company was financed with an SBA 7(a) loan for a change of ownership totaling $500,000, approved on April 14, 2024 by TexasBank.
SBA 7(a) loan, change of ownership, approved Apr 14, 2024
$500,000 approvedLender: TexasBank7 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- TexasBank, Fort Worth, TX
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 9.5%, fixed
- Term
- 7 years (84 months)
- Estimated maturity
- April 14, 2031 (estimated, approval date plus term)
- Estimated monthly payment
- $8,172 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 332312, Fabricated Structural Metal Manufacturing
- Project location
- Eastland County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Fabricated Structural Metal Manufacturing: $2,019,355.
- 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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