Revolver Paint Co., LLC
Revolver Paint Co., LLC is located in Rowlett, TX, and the SBA lists its industry as Painting and Wall Covering Contractors. It was approved for an SBA 7(a) loan of $592,200 for a change of ownership on October 1, 2024.
SBA 7(a) loan, change of ownership, approved Oct 1, 2024
- Gross approval
- $592,200
- SBA-guaranteed amount
- $444,150 (75% of the approval)
- Lender
- T Bank, National Association, Dallas, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 1, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,158 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- Corporation
- NAICS
- 238320, Painting and Wall Covering Contractors
- Project location
- Dallas County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 15% of acquisition loans in Painting and Wall Covering Contractors on this site.
- Average acquisition loan in Painting and Wall Covering Contractors: $1,429,871.
- 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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Same industry in Texas
- DTC12 llc, Round Rock
- FAK Commercial Painting, Inc., San Antonio