000 Restoration LLC
000 Restoration LLC is a remediation services business in Bennett, Colorado, in the remediation services industry (NAICS 562910). The company was financed with an SBA 7(a) loan for a change of ownership of $4.24 million, approved on May 6, 2024 by Byline Bank.
SBA 7(a) loan, change of ownership, approved May 6, 2024
$4,240,000 approvedLender: Byline Bank94 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,240,000
- SBA-guaranteed amount
- $3,180,000 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 7 years, 10 months (94 months)
- Estimated maturity
- March 6, 2032 (estimated, approval date plus term)
- Estimated monthly payment
- $68,061 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 20, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 562910, Remediation Services
- Project location
- Adams County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 97% of acquisition loans in Remediation Services on this site.
- Average acquisition loan in Remediation Services: $1,662,217.
- 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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