Paragon Furniture Inc.

2224 East Randol Mill Drive, Arlington, TX 76011 · Institutional Furniture Manufacturing (NAICS 337127)

Loan Summary

Source: SBA FOIA Loan-Level Data

Total Loans

11

Total Amount

$12.3M

Jobs Supported

306

Years Active

2004–2023

Loan History (11)

Source: SBA FOIA
7(a)$3,000,000
Exempt
Approved
Aug 15, 2023 (FY2023)
SBA Guaranteed
$2,250,000 (75%)
Term
120 months (10.0 yrs)
Interest Rate
10.75%
Revolver
0
Jobs Supported
56
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Institutional Furniture Manufacturing (NAICS 337127)

Lender

First United Bank and Trust Company

1400 W Main St, Durant, OK 74701

Project Location

Tarrant County, TX

7(a)$335,000
Cancelled
Approved
Mar 26, 2021 (FY2021)
SBA Guaranteed
$301,500 (90%)
Term
12 months (1.0 yrs)
Interest Rate
5.25%
Revolver
0
Jobs Supported
60
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Office Furniture (except Wood) Manufacturing (NAICS 337214)

Lender

The Huntington National Bank

17 S High St., Columbus, OH 43215

Project Location

Tarrant County, TX

7(a)$830,000
Paid in Full
Approved
Jan 9, 2020 (FY2020)
SBA Guaranteed
$747,000 (90%)
Term
12 months (1.0 yrs)
Interest Rate
6.75%
Revolver
0
Jobs Supported
20
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Office Furniture (except Wood) Manufacturing (NAICS 337214)
Paid in Full
Sep 30, 2020

Lender

The Huntington National Bank

17 S High St., Columbus, OH 43215

Project Location

Tarrant County, TX

7(a)$833,000
Paid in Full
Approved
Feb 14, 2019 (FY2019)
SBA Guaranteed
$749,700 (90%)
Term
10 months
Interest Rate
7.50%
Revolver
0
Jobs Supported
15
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Office Furniture (except Wood) Manufacturing (NAICS 337214)
Paid in Full
Dec 31, 2019

Lender

The Huntington National Bank

17 S High St., Columbus, OH 43215

Project Location

Tarrant County, TX

7(a)$1,000,000
Paid in Full
Approved
Apr 25, 2018 (FY2018)
SBA Guaranteed
$900,000 (90%)
Term
7 months
Interest Rate
6.75%
Revolver
0
Jobs Supported
15
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Office Furniture (except Wood) Manufacturing (NAICS 337214)
Paid in Full
Oct 31, 2018

Lender

The Huntington National Bank

17 S High St., Columbus, OH 43215

Project Location

Tarrant County, TX

7(a)$1,000,000
Paid in Full
Approved
Feb 7, 2017 (FY2017)
SBA Guaranteed
$750,000 (75%)
Term
120 months (10.0 yrs)
Interest Rate
5.75%
Revolver
0
Jobs Supported
50
Business Type
Corporation
Industry
Office Furniture (except Wood) Manufacturing (NAICS 337214)
Paid in Full
Jul 31, 2022

Lender

The Huntington National Bank

17 S High St., Columbus, OH 43215

Project Location

Tarrant County, TX

7(a)$486,000
Paid in Full
Approved
May 24, 2016 (FY2016)
SBA Guaranteed
$364,500 (75%)
Term
120 months (10.0 yrs)
Interest Rate
5.75%
Revolver
0
Jobs Supported
57
Business Type
Corporation
Industry
Office Furniture (except Wood) Manufacturing (NAICS 337214)
Paid in Full
Jul 31, 2022

Lender

The Huntington National Bank

17 S High St., Columbus, OH 43215

Project Location

Tarrant County, TX

7(a)$2,000,000
Paid in Full
Approved
Feb 19, 2015 (FY2015)
SBA Guaranteed
$1,500,000 (75%)
Term
119 months (9.9 yrs)
Interest Rate
5.50%
Revolver
0
Jobs Supported
15
Business Type
Corporation
Industry
Office Furniture (except Wood) Manufacturing (NAICS 337214)
Paid in Full
Feb 28, 2023

Lender

The Huntington National Bank

17 S High St., Columbus, OH 43215

Project Location

Tarrant County, TX

7(a)$1,000,000
Paid in Full
Approved
Feb 20, 2015 (FY2015)
SBA Guaranteed
$750,000 (75%)
Term
119 months (9.9 yrs)
Interest Rate
5.25%
Revolver
1
Jobs Supported
15
Business Type
Corporation
Industry
Office Furniture (except Wood) Manufacturing (NAICS 337214)
Paid in Full
Feb 28, 2023

Lender

The Huntington National Bank

17 S High St., Columbus, OH 43215

Project Location

Tarrant County, TX

7(a)$118,000
Paid in Full
Approved
Feb 12, 2010 (FY2010)
SBA Guaranteed
$106,200 (90%)
Term
120 months (10.0 yrs)
Interest Rate
7.50%
Revolver
0
Jobs Supported
3
Business Type
Corporation
Industry
Institutional Furniture Manufacturing (NAICS 337127)
Paid in Full
Feb 29, 2012

Lender

Pnc Bank, National Association

222 Delaware Ave, Wilmington, DE 19801

Project Location

Tarrant County, TX

7(a)$1,700,000
Paid in Full
Approved
Sep 8, 2004 (FY2004)
SBA Guaranteed
$1,275,000 (75%)
Term
150 months (12.5 yrs)
Revolver
0
Business Type
Corporation
Industry
Institutional Furniture Manufacturing (NAICS 337127)
Paid in Full
Apr 30, 2012

Lender

Compass Bank-dallas

8080 N Central Expwy, Dallas, TX 75226

Project Location

Tarrant County, TX

Business Details

Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
NAICS Code
337127 — Institutional Furniture Manufacturing
Address
2224 East Randol Mill Drive
Arlington, TX 76011

Lenders

First United Bank and Trust Company
1400 W Main St, Durant, OK 74701
The Huntington National Bank
17 S High St., Columbus, OH 43215
Pnc Bank, National Association
222 Delaware Ave, Wilmington, DE 19801
Compass Bank-dallas
8080 N Central Expwy, Dallas, TX 75226

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