North Dallas Drywall, LLC
North Dallas Drywall, LLC is a drywall and insulation contractor located in Lake Dallas, Texas, in the NAICS category for drywall and insulation contractors. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $4,997,500, approved by Sunflower Bank National Association on March 8, 2024. The loan supported 11 jobs as reported to the SBA.
SBA 7(a) loan, change of ownership, approved Mar 8, 2024
$4,997,500 approvedLender: Sunflower Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,997,500
- SBA-guaranteed amount
- $3,748,125 (75% of the approval)
- Lender
- Sunflower Bank National Association, Dallas, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 8, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $68,135 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 25, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 238310, Drywall and Insulation Contractors
- Project location
- Denton County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-26
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 92% of acquisition loans in Drywall and Insulation Contractors on this site.
- Average acquisition loan in Drywall and Insulation Contractors: $1,987,965.
- 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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