Morse Athletics LLC
Morse Athletics LLC is located in Houston, TX, and the SBA lists its industry as Sports and Recreation Instruction. It was approved for an SBA 7(a) loan of $3,216,000 for a change of ownership on March 11, 2025.
SBA 7(a) loan, change of ownership, approved Mar 11, 2025
- Gross approval
- $3,216,000
- SBA-guaranteed amount
- $2,412,000 (75% of the approval)
- Lender
- Prosperity Bank, El Campo, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 11, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $39,874 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 5, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 73
- Business type
- Corporation
- NAICS
- 611620, Sports and Recreation Instruction
- Project location
- Harris County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 83% of acquisition loans in Sports and Recreation Instruction on this site.
- Average acquisition loan in Sports and Recreation Instruction: $1,698,356.
- 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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