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Gilmore Outdoor Fencing Corp.

Cuero, TX · Support Activities for Oil and Gas Operations · NAICS 213112

Gilmore Outdoor Fencing Corp. of Cuero, TX operates in the support activities for oil and gas operations industry (NAICS 213112). The company was financed with an SBA 7(a) loan for a change of ownership of $1.917 million, approved on September 17, 2024 by American Momentum Bank.

SBA 7(a) loan, change of ownership, approved Sep 17, 2024

$1,917,000 approvedLender: American Momentum Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,917,000
SBA-guaranteed amount
$1,437,750 (75% of the approval)
Lender
American Momentum Bank, College Station, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
September 17, 2034 (estimated, approval date plus term)
Estimated monthly payment
$26,136 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
41
Business type
Corporation
NAICS
213112, Support Activities for Oil and Gas Operations
Project location
De Witt County, TX
SBA district office
San Antonio District Office
Congressional district
TX-34
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Average acquisition loan in Support Activities for Oil and Gas Operations: $2,412,200.
  • 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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Same industry in Texas