CAD Supplies Specialty, Inc.
CAD Supplies Specialty, Inc. is a computer and computer peripheral equipment and software merchant wholesaler located in Hutto, Texas. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,259,000, approved on December 6, 2023, through lender GBank.
SBA 7(a) loan, change of ownership, approved Dec 6, 2023
$1,259,000 approvedLender: GBank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,259,000
- SBA-guaranteed amount
- $944,250 (75% of the approval)
- Lender
- GBank, Las Vegas, NV
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 6, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $17,343 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 18, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 423430, Computer and Computer Peripheral Equipment and Software Merchant Wholesalers
- Project location
- Williamson County, TX
- SBA district office
- San Antonio District Office
- Congressional district
- TX-17
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Computer and Computer Peripheral Equipment and Software Merchant Wholesalers: $1,635,600.
- 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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