Arrow Moving & Storage of Colorado, Inc.
Arrow Moving & Storage of Colorado, Inc. is a used household and office goods moving business located in Colorado Springs, Colorado. The company was financed with an SBA 7(a) loan for a change of ownership totaling $2,482,000, approved on January 10, 2024, through the lender InBank.
SBA 7(a) loan, change of ownership, approved Jan 10, 2024
$2,482,000 approvedLender: InBank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,482,000
- SBA-guaranteed amount
- $1,861,500 (75% of the approval)
- Lender
- InBank, Raton, NM
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 10, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $34,190 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 28, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 100
- Business type
- Corporation
- NAICS
- 484210, Used Household and Office Goods Moving
- Project location
- El Paso County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 75% of acquisition loans in Used Household and Office Goods Moving on this site.
- Average acquisition loan in Used Household and Office Goods Moving: $1,726,088.
- 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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