Main Street Registry

Stslantana2 LLC

Lantana, TX · Drycleaning and Laundry Services (except Coin-Operated) · NAICS 812320

Stslantana2 LLC is located in Lantana, TX, and the SBA lists its industry as Drycleaning and Laundry Services (except Coin-Operated). It was approved for an SBA 7(a) loan of $3,650,000 for a change of ownership on November 9, 2023.

SBA 7(a) loan, change of ownership, approved Nov 9, 2023

Gross approval
$3,650,000
SBA-guaranteed amount
$2,737,500 (75% of the approval)
Lender
Hanmi Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
November 9, 2048 (estimated, approval date plus term)
Estimated monthly payment
$31,890 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 15, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
812320, Drycleaning and Laundry Services (except Coin-Operated)
Project location
Denton County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-26
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