Laplace Glass Holdings, LLC
Laplace Glass Holdings, LLC, located in La Place, Louisiana, operates in the glass and glazing contractors industry (NAICS 238150). The company was financed with an SBA 7(a) loan for a change of ownership of $599,400, approved on May 13, 2025, through The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved May 13, 2025
$599,400 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $599,400
- SBA-guaranteed amount
- $449,550 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 13, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,838 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 238150, Glass and Glazing Contractors
- Project location
- St John the Baptist County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 10% of acquisition loans in Glass and Glazing Contractors on this site.
- Average acquisition loan in Glass and Glazing Contractors: $2,029,425.
- Average acquisition loan in Louisiana: $1,702,056.
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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