Animas Valley Glass Works LLC
Animas Valley Glass Works LLC is an automotive glass replacement shop in Durango, Colorado, classified under NAICS code 811122 (Automotive Glass Replacement Shops). The company was financed with an SBA 7(a) loan for a change of ownership of $500,500, approved on January 29, 2025, through lender TowneBank. The loan is reported with a 120-month term and 7 jobs.
SBA 7(a) loan, change of ownership, approved Jan 29, 2025
$500,500 approvedLender: TowneBank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,500
- SBA-guaranteed amount
- $375,375 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 29, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $6,684 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 811122, Automotive Glass Replacement Shops
- Project location
- La Plata County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Automotive Glass Replacement Shops: $1,116,585.
- 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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