R&b Capital Investments LLC
R&b Capital Investments LLC, located in Greeley, CO, operates in the specialized automotive repair industry (NAICS 811114). The company was financed with an SBA 7(a) loan for a change of ownership of $1,674,000, approved on March 24, 2024 by Evolve Bank and Trust.
SBA 7(a) loan, change of ownership, approved Mar 24, 2024
$1,674,000 approvedLender: Evolve Bank and Trust25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,674,000
- SBA-guaranteed amount
- $1,255,500 (75% of the approval)
- Lender
- Evolve Bank and Trust, West Memphis, AR
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- March 24, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $16,711 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
- 6
- Business type
- Corporation
- NAICS
- 811114, Specialized Automotive Repair
- Project location
- Weld County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 53% of acquisition loans in Specialized Automotive Repair on this site.
- Average acquisition loan in Specialized Automotive Repair: $1,800,258.
- 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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