Tailored Gents, LLC
Tailored Gents, LLC is located in Saint Louis, MO, and the SBA lists its industry as Clothing and Clothing Accessories Retailers. It was approved for an SBA 7(a) loan of $1,078,000 for a change of ownership on February 22, 2024.
SBA 7(a) loan, change of ownership, approved Feb 22, 2024
- Gross approval
- $1,078,000
- SBA-guaranteed amount
- $808,500 (75% of the approval)
- Lender
- St. Louis Bank, St. Louis, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 22, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $14,546 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 5, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 458110, Clothing and Clothing Accessories Retailers
- Project location
- Saint Louis County, MO
- SBA district office
- St. Louis District Office
- Congressional district
- MO-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 50% of acquisition loans in Clothing and Clothing Accessories Retailers on this site.
- Average acquisition loan in Clothing and Clothing Accessories Retailers: $1,439,812.
- Average acquisition loan in Missouri: $1,584,414.
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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