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Water Associates Colorado LLC

Wiggins, CO · Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210

Water Associates Colorado LLC, located in Wiggins, Colorado, operates in the electrical contractors and other wiring installation contractors industry (NAICS 238210). The company was financed with an SBA 7(a) loan for a change of ownership of $2.88 million, approved on March 10, 2025, through lender Port 51 Lending LLC.

SBA 7(a) loan, change of ownership, approved Mar 10, 2025

$2,880,000 approvedLender: Port 51 Lending LLC10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,880,000
SBA-guaranteed amount
$2,160,000 (75% of the approval)
Lender
Port 51 Lending LLC, New York, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
March 10, 2035 (estimated, approval date plus term)
Estimated monthly payment
$38,459 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 30, 2025
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
238210, Electrical Contractors and Other Wiring Installation Contractors
Project location
Morgan 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 79% of acquisition loans in Electrical Contractors and Other Wiring Installation Contractors on this site.
  • Average acquisition loan in Electrical Contractors and Other Wiring Installation Contractors: $1,890,316.
  • 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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Same industry in Colorado