GRITR Sports & Outdoors
GRITR Sports & Outdoors is a sporting goods retailer located in Arlington, Texas, classified under NAICS 459110 (Sporting Goods Retailers). The company was financed through an SBA 504 loan, with an SBA portion of $3,248,000 approved on April 19, 2024, through PlainsCapital Bank and Greater East Texas Certified Development Company. The loan record lists the business as existing or more than 2 years old and reports 12 jobs.
SBA 504 loan, approved Apr 19, 2024
$3,248,000 SBA portionCDC: Greater East Texas Certified Development Company25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $3,248,000
- Bank portion
- $4,853,000
- Estimated project size
- $9,001,111 (estimated)
- Estimated owner equity
- $900,111 (estimated, about 10% of the project)
- Bank lender
- PlainsCapital Bank, Dallas, TX
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 19, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 459110, Sporting Goods Retailers
- Project location
- Tarrant County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-6
- Collateral
- Yes
Estimated share of project by source
Bank 54% SBA (CDC) 36% Owner 10%
- Larger than 94% of expansion loans in Sporting Goods Retailers on this site.
- Average expansion loan in Sporting Goods Retailers: $1,648,688.
- Average expansion loan in Texas: $2,316,979.
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.
Is this your company? Claim or correct this listing. See Corrections.