REM Investment Group LLC
REM Investment Group LLC is a business in Denver, Colorado, in the commercial and industrial machinery and equipment repair and maintenance industry (NAICS 811310), excluding automotive and electronic equipment. The company was financed with an SBA 7(a) loan for a change of ownership of $1,558,000, approved on February 25, 2025, by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Feb 25, 2025
$1,558,000 approvedLender: The Huntington National Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,558,000
- SBA-guaranteed amount
- $1,168,500 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.6%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- February 25, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $11,615 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 20, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 811310, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
- Project location
- Adams County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 62% of acquisition loans in Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance on this site.
- Average acquisition loan in Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance: $1,576,060.
- 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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