Professional Sound & Accoustics Corporation
Professional Sound & Accoustics Corporation is a business in Houston, Texas, classified under the industry of other commercial and industrial machinery and equipment rental and leasing (NAICS 532490). The company was financed with an SBA 7(a) loan for a change of ownership of $935,000, provided by Live Oak Banking Company, with an approval date of September 21, 2026.
SBA 7(a) loan, change of ownership, approved Sep 21, 2026
$935,000 approvedLender: Live Oak Banking Company10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $935,000
- SBA-guaranteed amount
- $701,250 (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
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 21, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $11,593 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 532490, Other Commercial and Industrial Machinery and Equipment Rental and Leasing
- Project location
- Harris County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-18
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 19% of acquisition loans in Other Commercial and Industrial Machinery and Equipment Rental and Leasing on this site.
- Average acquisition loan in Other Commercial and Industrial Machinery and Equipment Rental and Leasing: $2,242,743.
- 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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