Rocky Mountain Paddleboard, LLC
Rocky Mountain Paddleboard, LLC is a business in Morrison, Colorado, in the All Other Consumer Goods Rental industry (NAICS 532289). It was financed with an SBA 7(a) loan for a change of ownership of $798,900, approved on October 28, 2024, through Adams Bank & Trust.
SBA 7(a) loan, change of ownership, approved Oct 28, 2024
$798,900 approvedLender: Adams Bank & Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $798,900
- SBA-guaranteed amount
- $599,175 (75% of the approval)
- Lender
- Adams Bank & Trust, Ogallala, NE
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.5%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- October 28, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,905 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 6, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 532289, All Other Consumer Goods Rental
- Project location
- Jefferson County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 24% of acquisition loans in All Other Consumer Goods Rental on this site.
- Average acquisition loan in All Other Consumer Goods Rental: $1,481,047.
- 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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