Reiter Investment Group LLC
Reiter Investment Group LLC, located in Southlake, TX, operates in the exterminating and pest control services industry. The business was financed with an SBA 7(a) loan for a change of ownership of $1 million, approved on December 13, 2024 by Security National Bank of Omaha.
SBA 7(a) loan, change of ownership, approved Dec 13, 2024
$1,000,000 approvedLender: Security National Bank of Omaha10 years termPaid in fullLoan details
- Gross approval
- $1,000,000
- SBA-guaranteed amount
- $750,000 (75% of the approval)
- Lender
- Security National Bank of Omaha, Omaha, NE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 13, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $12,940 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 16, 2024
- Loan status
- Paid in full
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 561710, Exterminating and Pest Control Services
- Project location
- Tarrant County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-24
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 48% of acquisition loans in Exterminating and Pest Control Services on this site.
- Average acquisition loan in Exterminating and Pest Control Services: $1,381,596.
- 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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