Goes Sales of Texas, Inc.
Goes Sales of Texas, Inc. is a business in Houston, TX, in the plumbing and heating equipment and supplies (hydronics) merchant wholesalers industry. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $5 million, approved by Beacon Bank and Trust on March 6, 2024.
SBA 7(a) loan, change of ownership, approved Mar 6, 2024
$5,000,000 approvedLender: Beacon Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 6, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $68,875 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 27, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 423720, Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers
- Project location
- Harris 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)
- Average acquisition loan in Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers: $2,498,400.
- 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
- Apsco Supply, San Angelo