Chicot Investments, LLC
Chicot Investments, LLC is an automotive parts and accessories retailer located in Coushatta, Louisiana. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $720,000 approved by American Bank on November 13, 2025.
SBA 7(a) loan, change of ownership, approved Nov 13, 2025
$720,000 approvedLender: American Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $720,000
- SBA-guaranteed amount
- $540,000 (75% of the approval)
- Lender
- American Bank, Covington, LA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- November 13, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $6,291 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 25, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 441330, Automotive Parts and Accessories Retailers
- Project location
- Red River County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 25% of acquisition loans in Automotive Parts and Accessories Retailers on this site.
- Average acquisition loan in Automotive Parts and Accessories Retailers: $1,270,623.
- Average acquisition loan in Louisiana: $1,702,056.
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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