Flippin's Trenching, Inc.
Flippin's Trenching, Inc. is located in Las Vegas, NV, and the SBA lists its industry as Site Preparation Contractors. It was approved for an SBA 7(a) loan of $5,000,000 for a change of ownership on March 7, 2025.
SBA 7(a) loan, change of ownership, approved Mar 7, 2025
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- Western Alliance Bank, Phoenix, AZ
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- March 7, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $37,766 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 27, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 84
- Business type
- Corporation
- NAICS
- 238910, Site Preparation Contractors
- Project location
- Clark County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 96% of acquisition loans in Site Preparation Contractors on this site.
- Average acquisition loan in Site Preparation Contractors: $1,877,202.
- Average acquisition loan in Nevada: $1,617,910.
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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Same industry in Nevada
- Gradex Construction Company, a Nevada Corporation, Reno
- SRS Fabrication, Inc., North Las Vegas