Tmo Real Estate LLC
Tmo Real Estate LLC is located in Gainesville, TX, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $5,000,000 for a change of ownership on October 20, 2023.
SBA 7(a) loan, change of ownership, approved Oct 20, 2023
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (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
- 10%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- October 20, 2048 (estimated, approval date plus term)
- Estimated monthly payment
- $45,435 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 25, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Project location
- Cooke County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 94% of acquisition loans in Gasoline Stations with Convenience Stores on this site.
- Average acquisition loan in Gasoline Stations with Convenience Stores: $2,177,273.
- 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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