970 Excavation, Inc
970 Excavation, Inc is located in Grand Junction, CO, and the SBA lists its industry as Site Preparation Contractors. It was approved for an SBA 7(a) loan of $1,863,500 for a change of ownership on August 26, 2025. This registry lists 2 loans for the company.
SBA 7(a) loan, change of ownership, approved Aug 26, 2025
- Gross approval
- $1,863,500
- SBA-guaranteed amount
- $1,397,625 (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
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 26, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $24,113 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 5, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 36
- Business type
- Corporation
- NAICS
- 238910, Site Preparation Contractors
- Project location
- Mesa County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 68% of acquisition loans in Site Preparation Contractors on this site.
- Average acquisition loan in Site Preparation Contractors: $1,877,202.
- Average acquisition loan in Colorado: $1,608,658.
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.
SBA 7(a) loan, change of ownership, approved Aug 26, 2025
- Gross approval
- $1,225,200
- SBA-guaranteed amount
- $918,900 (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
- 9.5%, variable
- Term
- 7 years (84 months)
- Estimated maturity
- August 26, 2032 (estimated, approval date plus term)
- Estimated monthly payment
- $20,025 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 5, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 36
- Business type
- Corporation
- NAICS
- 238910, Site Preparation Contractors
- Project location
- Mesa County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 34% of acquisition loans in Site Preparation Contractors on this site.
- Average acquisition loan in Site Preparation Contractors: $1,877,202.
- Average acquisition loan in Colorado: $1,608,658.
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 Colorado
- Frei & Frei, Inc., Colorado Springs
- Randy Kneebone Excavating & Trucking Inc, Fort Lupton
- CertaPro Painting-Highlands Ranch and Greenwood Village/Littleton, Centennial
- Denver Dirt Works, Inc., Watkins