Engy Southwest Container Products, Inc.
Engy Southwest Container Products, Inc. is a business in Houston, Texas, in the iron and steel pipe and tube manufacturing from purchased steel industry. The company financed real estate or equipment through an SBA 504 loan of $2,824,000, approved on January 9, 2024, with Bank of America, National Association as the lender and Capital Certified Development Corporation as the certified development company.
SBA 504 loan, approved Jan 9, 2024
$2,824,000 SBA portionCDC: Capital Certified Development Corporation10 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,824,000
- Bank portion
- $4,000,000
- Estimated project size
- $7,582,222 (estimated)
- Estimated owner equity
- $758,222 (estimated, about 10% of the project)
- Bank lender
- Bank of America, National Association, Charlotte, NC
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 10 years (120 months)
- Estimated maturity
- January 9, 2034 (estimated, approval date plus term)
- First disbursement
- Mar 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 331210, Iron and Steel Pipe and Tube Manufacturing from Purchased Steel
- Project location
- Harris County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-9
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Average expansion loan in Iron and Steel Pipe and Tube Manufacturing from Purchased Steel: $3,086,375.
- 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.
Is this your company? Claim or correct this listing. See Corrections.