Love Property Investments LLC
Love Property Investments LLC, located in Longview, Texas, operates in the paint, varnish, and supplies merchant wholesalers industry (NAICS 424950). The business was financed with an SBA 7(a) loan for a change of ownership totaling $760,000, approved on December 2, 2025, through VeraBank National Association.
SBA 7(a) loan, change of ownership, approved Dec 2, 2025
$760,000 approvedLender: VeraBank National Association25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $760,000
- SBA-guaranteed amount
- $570,000 (75% of the approval)
- Lender
- VeraBank National Association, Henderson, TX
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 2, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $6,120 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 13, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 424950, Paint, Varnish, and Supplies Merchant Wholesalers
- Project location
- Gregg County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Paint, Varnish, and Supplies Merchant Wholesalers: $1,099,750.
- 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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