Sabre Alloys, L.P.
Sabre Alloys, L.P. is located in Houston, TX, and the SBA lists its industry as Metal Service Centers and Other Metal Merchant Wholesalers. It was approved for an SBA 7(a) loan of $5,000,000 for a change of ownership on December 15, 2023.
SBA 7(a) loan, change of ownership, approved Dec 15, 2023
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (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
- 10.75%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- December 15, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $68,169 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 27, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- LLC or partnership
- NAICS
- 423510, Metal Service Centers and Other Metal Merchant Wholesalers
- Project location
- Harris County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Metal Service Centers and Other Metal Merchant Wholesalers: $2,208,550.
- 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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