Main Street Registry

Towneast Realty LLC

Mesquite, TX · Automotive Body, Paint, and Interior Repair and Maintenance · NAICS 811121

Towneast Realty LLC, located in Mesquite, TX, operates in automotive body, paint, and interior repair and maintenance (NAICS 811121). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $3,774,000, approved on June 23, 2025 by MidFirst Bank.

SBA 7(a) loan, change of ownership, approved Jun 23, 2025

$3,774,000 approvedLender: MidFirst Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,774,000
SBA-guaranteed amount
$2,830,500 (75% of the approval)
Lender
MidFirst Bank, Oklahoma City, OK
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7%, fixed
Term
25 years (300 months)
Estimated maturity
June 23, 2050 (estimated, approval date plus term)
Estimated monthly payment
$26,674 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 30, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
811121, Automotive Body, Paint, and Interior Repair and Maintenance
Project location
Dallas County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-05
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 89% of acquisition loans in Automotive Body, Paint, and Interior Repair and Maintenance on this site.
  • Average acquisition loan in Automotive Body, Paint, and Interior Repair and Maintenance: $1,738,412.
  • 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.

Same industry in Texas