Grand Gravel Pit, LLC
Grand Gravel Pit, LLC, located in Kremmling, Colorado, operates in construction sand and gravel mining. The company was financed with an SBA 7(a) loan for a change of ownership of $2.65 million, approved on May 12, 2025, through Wings Credit Union.
SBA 7(a) loan, change of ownership, approved May 12, 2025
$2,650,000 approvedLender: Wings Credit Union10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,650,000
- SBA-guaranteed amount
- $1,987,500 (75% of the approval)
- Lender
- Wings Credit Union, Colorado Springs, CO
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 12, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $35,758 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 21, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- LLC or partnership
- NAICS
- 212321, Construction Sand and Gravel Mining
- Project location
- Grand County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Construction Sand and Gravel Mining: $2,650,000.
- 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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