Main Street Registry

Rethink Self Storage Fund LLC

Hamshire, TX · Lessors of Miniwarehouses and Self-Storage Units · NAICS 531130

Rethink Self Storage Fund LLC, located in Hamshire, Texas, operates in the industry of lessors of miniwarehouses and self-storage units (NAICS 531130). The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,435,000, approved on November 16, 2023 by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Nov 16, 2023

Gross approval
$1,435,000
SBA-guaranteed amount
$1,076,250 (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
9.45%, variable
Term
25 years (300 months)
Estimated maturity
November 16, 2048 (estimated, approval date plus term)
Estimated monthly payment
$12,488 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 21, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
531130, Lessors of Miniwarehouses and Self-Storage Units
Project location
Jefferson County, TX
SBA district office
Houston District Office
Congressional district
TX-14
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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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Same industry in Texas