Colorado Quartz Company
Colorado Quartz Company is located in Colorado Springs, CO, and the SBA lists its industry as Glass Product Manufacturing Made of Purchased Glass. It was approved for an SBA 7(a) loan of $1,319,500 for a change of ownership on January 10, 2025.
SBA 7(a) loan, change of ownership, approved Jan 10, 2025
- Gross approval
- $1,319,500
- SBA-guaranteed amount
- $989,625 (75% of the approval)
- Lender
- Integrity Bank & Trust, Monument, CO
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 10, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $16,184 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 13, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 21
- Business type
- Corporation
- NAICS
- 327215, Glass Product Manufacturing Made of Purchased Glass
- 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)
- Average acquisition loan in Glass Product Manufacturing Made of Purchased Glass: $1,577,643.
- 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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