Funk Futures, LLC.
Funk Futures, LLC. is located in Lafayette, CO, and the SBA lists its industry as Administrative Management and General Management Consulting Services. It was approved for an SBA 7(a) loan of $701,000 for a change of ownership on March 13, 2025.
SBA 7(a) loan, change of ownership, approved Mar 13, 2025
- Gross approval
- $701,000
- SBA-guaranteed amount
- $525,750 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 13, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $9,361 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 18, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 541611, Administrative Management and General Management Consulting Services
- Project location
- Boulder County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 8% of acquisition loans in Administrative Management and General Management Consulting Services on this site.
- Average acquisition loan in Administrative Management and General Management Consulting Services: $2,320,768.
- 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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