North Texas Surveying
North Texas Surveying, located in McKinney, Texas, operates in surveying and mapping services (except geophysical), NAICS code 541370. The business was financed with an SBA 7(a) loan for a change of ownership of $1.6 million, approved on September 10, 2025 by First Internet Bank of Indiana.
SBA 7(a) loan, change of ownership, approved Sep 10, 2025
$1,618,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,618,000
- SBA-guaranteed amount
- $1,213,500 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 10, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $21,607 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 541370, Surveying and Mapping (except Geophysical) Services
- Project location
- Collin County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Surveying and Mapping (except Geophysical) Services: $1,311,112.
- 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.
Is this your company? Claim or correct this listing. See Corrections.