Sawyer Entertainment LLC
Sawyer Entertainment LLC is located in Houston, TX, and the SBA lists its industry as Commercial Bakeries. It was approved for an SBA 7(a) loan of $645,600 for a change of ownership on June 10, 2024.
SBA 7(a) loan, change of ownership, approved Jun 10, 2024
- Gross approval
- $645,600
- SBA-guaranteed amount
- $484,200 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 10, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,802 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 31, 2024
- Loan status
- Paid in full
- Jobs supported
- 22
- Business type
- Corporation
- NAICS
- 311812, Commercial Bakeries
- 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 Commercial Bakeries: $1,736,750.
- 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.
Is this your company? Claim or correct this listing. See Corrections.