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Rollins Construction and Trucking LLC

Milford, UT · Commercial and Institutional Building Construction · NAICS 236220

Rollins Construction and Trucking LLC is a business in Milford, UT, in the commercial and institutional building construction industry (NAICS 236220). It was financed with an SBA 7(a) loan for a change of ownership of $4.355 million, approved by Readycap Lending, LLC on January 27, 2025.

SBA 7(a) loan, change of ownership, approved Jan 27, 2025

$4,355,000 approvedLender: Readycap Lending, LLC10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,355,000
SBA-guaranteed amount
$3,266,250 (75% of the approval)
Lender
Readycap Lending, LLC, Berkeley Heights, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
January 27, 2035 (estimated, approval date plus term)
Estimated monthly payment
$58,764 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 7, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
35
Business type
Corporation
NAICS
236220, Commercial and Institutional Building Construction
Project location
Beaver County, UT
SBA district office
Utah District Office
Congressional district
UT-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 74% of acquisition loans in Commercial and Institutional Building Construction on this site.
  • Average acquisition loan in Commercial and Institutional Building Construction: $2,773,374.
  • Average acquisition loan in Utah: $1,761,092.

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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Same industry in Utah