Fortune Rentals, LLC
Fortune Rentals, LLC is a general automotive repair business located in Eaton, Colorado, and is classified under NAICS code 811111. The company financed real estate or equipment through an SBA 504 loan of $2,143,000, with Bank of Colorado as the lender and Preferred Lending Partners as the certified development company, and the loan was approved on April 15, 2024.
SBA 504 loan, approved Apr 15, 2024
$2,143,000 SBA portionCDC: Preferred Lending Partners25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,143,000
- Bank portion
- $2,615,000
- Estimated project size
- $5,286,667 (estimated)
- Estimated owner equity
- $528,667 (estimated, about 10% of the project)
- Bank lender
- Bank of Colorado, Fort Collins, CO
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- April 15, 2049 (estimated, approval date plus term)
- First disbursement
- May 13, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Weld County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-4
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 83% of expansion loans in General Automotive Repair on this site.
- Average expansion loan in General Automotive Repair: $1,564,197.
- Average expansion loan in Colorado: $2,096,252.
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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