Aire-Master of Arapahoe
Aire-Master of Arapahoe is a business in Colorado Springs, CO, in the industry of other services to buildings and dwellings (NAICS 561790). The company was financed with an SBA 7(a) loan for a change of ownership of $650,000, approved on October 29, 2024, through Wings Credit Union.
SBA 7(a) loan, change of ownership, approved Oct 29, 2024
$650,000 approvedLender: Wings Credit Union10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $650,000
- SBA-guaranteed amount
- $487,500 (75% of the approval)
- Lender
- Wings Credit Union, Colorado Springs, CO
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 29, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,411 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 561790, Other Services to Buildings and Dwellings
- Franchise
- Aire-Master
- Project location
- El Paso County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 17% of acquisition loans in Other Services to Buildings and Dwellings on this site.
- Average acquisition loan in Other Services to Buildings and Dwellings: $1,196,922.
- 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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