West Elk Veterinary Services LLC
West Elk Veterinary Services LLC is a veterinary services business in Gunnison, CO, classified under NAICS 541940. It was financed with an SBA 7(a) loan for a change of ownership of $1,934,100, approved by Fifth Third Bank on December 11, 2024.
SBA 7(a) loan, change of ownership, approved Dec 11, 2024
$1,934,100 approvedLender: Fifth Third Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,934,100
- SBA-guaranteed amount
- $1,450,575 (75% of the approval)
- Lender
- Fifth Third Bank, Cincinnati, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 11, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $15,249 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 19, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 541940, Veterinary Services
- Project location
- Gunnison County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 63% of acquisition loans in Veterinary Services on this site.
- Average acquisition loan in Veterinary Services: $1,742,169.
- 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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