Platinum Dirt Works, LLC
Platinum Dirt Works, LLC is a site preparation contractor in Helena, Montana, in the Site Preparation Contractors industry (NAICS 238910). The company was financed with an SBA 7(a) loan for a change of ownership of $647,600, approved by Farmers State Bank on January 24, 2024.
SBA 7(a) loan, change of ownership, approved Jan 24, 2024
$647,600 approvedLender: Farmers State Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $647,600
- SBA-guaranteed amount
- $485,700 (75% of the approval)
- Lender
- Farmers State Bank, Victor, MT
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 24, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,204 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 32
- Business type
- Corporation
- NAICS
- 238910, Site Preparation Contractors
- Project location
- Lewis and Clark County, MT
- SBA district office
- Montana District Office
- Congressional district
- MT-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 6% of acquisition loans in Site Preparation Contractors on this site.
- Average acquisition loan in Site Preparation Contractors: $1,877,202.
- Average acquisition loan in Montana: $1,680,827.
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.
Is this your company? Claim or correct this listing. See Corrections.