Encore Oilfield Services, LLC
Encore Oilfield Services, LLC is located in Millsap, TX, and the SBA lists its industry as Drilling Oil and Gas Wells. It was approved for an SBA 504 loan ($5,000,000 SBA portion) on December 19, 2024 to finance real estate or equipment.
SBA 504 loan, approved Dec 19, 2024
- SBA (CDC) portion
- $5,000,000
- Bank portion
- $21,483,368
- Estimated project size
- $29,425,964 (estimated)
- Estimated owner equity
- $2,942,596 (estimated, about 10% of the project)
- Bank lender
- The Huntington National Bank, Columbus, OH
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- December 19, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 100
- Business type
- Corporation
- NAICS
- 213111, Drilling Oil and Gas Wells
- Project location
- Parker County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-11
- Collateral
- Yes
Estimated share of project by source
Bank 73% SBA (CDC) 17% Owner 10%
- Average expansion loan in Drilling Oil and Gas Wells: $3,416,000.
- Average expansion loan in Texas: $2,316,979.
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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