Q Trade Teas & Herbs
Q Trade Teas & Herbs is a business in Brookshire, TX, in the other grocery and related products merchant wholesalers industry. It financed real estate or equipment through an SBA 504 loan of $4,817,000, approved on August 28, 2024, through Capital Certified Development Corporation with Morgan Stanley Bank, National Association as the bank partner.
SBA 504 loan, approved Aug 28, 2024
$4,817,000 SBA portionCDC: Capital Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $4,817,000
- Bank portion
- $5,720,000
- Estimated project size
- $11,707,778 (estimated)
- Estimated owner equity
- $1,170,778 (estimated, about 10% of the project)
- Bank lender
- Morgan Stanley Bank, National Association, Salt Lake City, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 28, 2049 (estimated, approval date plus term)
- First disbursement
- Mar 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 62
- Business type
- Corporation
- NAICS
- 424490, Other Grocery and Related Products Merchant Wholesalers
- Project location
- Waller County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-10
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 75% of expansion loans in Other Grocery and Related Products Merchant Wholesalers on this site.
- Average expansion loan in Other Grocery and Related Products Merchant Wholesalers: $2,831,667.
- Average expansion loan in Texas: $2,316,979.
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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