Future Legacy Holdings, LLC
Future Legacy Holdings, LLC is located in Whitehouse, TX, and the SBA lists its industry as Other Heavy and Civil Engineering Construction. It was approved for an SBA 7(a) loan of $3,476,300 for a change of ownership on November 14, 2024.
SBA 7(a) loan, change of ownership, approved Nov 14, 2024
- Gross approval
- $3,476,300
- SBA-guaranteed amount
- $2,607,225 (75% of the approval)
- Lender
- Truliant FCU, Winston-Salem, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 14, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $47,395 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 5, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 18
- Business type
- Corporation
- NAICS
- 237990, Other Heavy and Civil Engineering Construction
- Project location
- Smith County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 70% of acquisition loans in Other Heavy and Civil Engineering Construction on this site.
- Average acquisition loan in Other Heavy and Civil Engineering Construction: $2,317,180.
- 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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