Euro Desserts LLC
Euro Desserts LLC is a business located in Kingwood, Texas, in the florists industry (NAICS 459310). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,028,000, approved on August 20, 2025, through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Aug 20, 2025
$1,028,000 approvedLender: Live Oak Banking Company200 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,028,000
- SBA-guaranteed amount
- $771,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 16 years, 8 months (200 months)
- Estimated maturity
- April 20, 2042 (estimated, approval date plus term)
- Estimated monthly payment
- $9,940 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 9, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 459310, Florists
- Project location
- Montgomery County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 62% of acquisition loans in Florists on this site.
- Average acquisition loan in Florists: $901,731.
- 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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