Brauss and Richie LLC
Brauss and Richie LLC is a furniture retailer located in Kansas City, Missouri. The business was financed with an SBA 7(a) loan for a change of ownership of $1,732,000, approved on November 13, 2025 by The Bank of Houston.
SBA 7(a) loan, change of ownership, approved Nov 13, 2025
$1,732,000 approvedLender: The Bank of Houston25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,732,000
- SBA-guaranteed amount
- $1,299,000 (75% of the approval)
- Lender
- The Bank of Houston, Houston, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- November 13, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $14,833 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 21, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 449110, Furniture Retailers
- Project location
- Jackson County, MO
- SBA district office
- Kansas City District Office
- Congressional district
- MO-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 61% of acquisition loans in Furniture Retailers on this site.
- Average acquisition loan in Furniture Retailers: $1,875,127.
- Average acquisition loan in Missouri: $1,584,414.
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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