G P Ford Investments, LLC
G P Ford Investments, LLC is an other business service center, including copy shops, located in Corpus Christi, Texas. The business was financed with an SBA 7(a) loan for a change of ownership of $600,000, approved on February 1, 2024, through Prosperity Bank.
SBA 7(a) loan, change of ownership, approved Feb 1, 2024
$600,000 approvedLender: Prosperity Bank162 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $600,000
- SBA-guaranteed amount
- $450,000 (75% of the approval)
- Lender
- Prosperity Bank, El Campo, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, fixed
- Term
- 13 years, 6 months (162 months)
- Estimated maturity
- August 1, 2037 (estimated, approval date plus term)
- Estimated monthly payment
- $6,411 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 561439, Other Business Service Centers (including Copy Shops)
- Project location
- Nueces County, TX
- SBA district office
- Lower Rio Grande Valley District Office
- Congressional district
- TX-27
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 18% of acquisition loans in Other Business Service Centers (including Copy Shops) on this site.
- Average acquisition loan in Other Business Service Centers (including Copy Shops): $980,191.
- 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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