Agile Reserves Inc
Agile Reserves Inc, located in Colorado Springs, CO, operates in the machine shops industry (NAICS 332710). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $2,655,000, approved on May 28, 2024 by VelocitySBA, LLC.
SBA 7(a) loan, change of ownership, approved May 28, 2024
$2,655,000 approvedLender: VelocitySBA, LLC25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,655,000
- SBA-guaranteed amount
- $1,991,250 (75% of the approval)
- Lender
- VelocitySBA, LLC, Irving, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- May 28, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $25,544 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 21, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 332710, Machine Shops
- Project location
- El Paso County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 71% of acquisition loans in Machine Shops on this site.
- Average acquisition loan in Machine Shops: $2,116,278.
- 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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Colorado
- EMJD Corporation, Englewood
- C&G Machine, Inc, Colorado Springs