Metro Pool Chemical, Inc.
Metro Pool Chemical, Inc. is a business in Saginaw, Texas, classified under the industry Other Services to Buildings and Dwellings (NAICS 561790). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,440,000, approved by Live Oak Banking Company on December 5, 2024.
SBA 7(a) loan, change of ownership, approved Dec 5, 2024
$1,440,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,440,000
- SBA-guaranteed amount
- $1,080,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 5, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $12,084 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 561790, Other Services to Buildings and Dwellings
- Project location
- Tarrant County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-12
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 72% of acquisition loans in Other Services to Buildings and Dwellings on this site.
- Average acquisition loan in Other Services to Buildings and Dwellings: $1,196,922.
- 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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