Flora Creek Interests LLC
Flora Creek Interests LLC, located in Sealy, Texas, operates in the other paperboard container manufacturing industry (NAICS 322219). The company was financed with an SBA 7(a) loan for a change of ownership of $3,032,600, approved on November 15, 2023, through T Bank, National Association.
SBA 7(a) loan, change of ownership, approved Nov 15, 2023
$3,032,600 approvedLender: T Bank, National Association16 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,032,600
- SBA-guaranteed amount
- $2,274,450 (75% of the approval)
- Lender
- T Bank, National Association, Dallas, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 16 years (192 months)
- Estimated maturity
- November 15, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $31,718 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 30, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 322219, Other Paperboard Container Manufacturing
- Project location
- Austin County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Other Paperboard Container Manufacturing: $1,478,200.
- 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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