Morningstar Software, Inc.
Morningstar Software, Inc. is located in Spring, TX, and the SBA lists its industry as Computer Systems Design Services. It was approved for an SBA 7(a) loan of $1,072,000 for a change of ownership on February 12, 2025.
SBA 7(a) loan, change of ownership, approved Feb 12, 2025
- Gross approval
- $1,072,000
- SBA-guaranteed amount
- $804,000 (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
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 12, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $13,871 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 6, 2025
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 541512, Computer Systems Design Services
- Project location
- Montgomery County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 33% of acquisition loans in Computer Systems Design Services on this site.
- Average acquisition loan in Computer Systems Design Services: $1,819,814.
- 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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