Western States Earth Retention Systems LLC
Western States Earth Retention Systems LLC, located in Erie, Colorado, operates in the masonry contractors industry (NAICS 238140). The company was financed with an SBA 7(a) loan for a change of ownership of $1,431,000, approved on October 11, 2023 by Glacier Bank.
SBA 7(a) loan, change of ownership, approved Oct 11, 2023
$1,431,000 approvedLender: Glacier Bank10 years termPaid in fullLoan details
- Gross approval
- $1,431,000
- SBA-guaranteed amount
- $1,073,250 (75% of the approval)
- Lender
- Glacier Bank, Kalispell, MT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 11, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $19,109 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 16, 2023
- Loan status
- Paid in full
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 238140, Masonry Contractors
- Project location
- Ada County, ID
- SBA district office
- Colorado District Office
- Congressional district
- ID-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 45% of acquisition loans in Masonry Contractors on this site.
- Average acquisition loan in Masonry Contractors: $1,856,218.
- 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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