C&S Pipe N Supply LLC
C&S Pipe N Supply LLC is located in Fruita, CO, and the SBA lists its industry as Water Supply and Irrigation Systems. It was approved for an SBA 7(a) loan of $1,344,000 for a change of ownership on July 30, 2024.
SBA 7(a) loan, change of ownership, approved Jul 30, 2024
- Gross approval
- $1,344,000
- SBA-guaranteed amount
- $1,008,000 (75% of the approval)
- Lender
- VelocitySBA, LLC, Irving, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 30, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $18,704 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 5, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 221310, Water Supply and Irrigation Systems
- Project location
- Mesa County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Water Supply and Irrigation Systems: $2,094,600.
- 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
- ORC Water Professionals Inc., Wheat Ridge