Harpington L.L.C.
Harpington L.L.C. is located in Winter Park, CO, and the SBA lists its industry as Recreational Goods Rental. It was approved for an SBA 7(a) loan of $2,201,000 for a change of ownership on March 1, 2024.
SBA 7(a) loan, change of ownership, approved Mar 1, 2024
- Gross approval
- $2,201,000
- SBA-guaranteed amount
- $1,650,750 (75% of the approval)
- Lender
- First Bank of the Lake, Osage Beach, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years, 6 months (126 months)
- Estimated maturity
- September 1, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $29,214 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 6, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 532284, Recreational Goods Rental
- 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 Recreational Goods Rental: $1,466,750.
- 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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Same industry in Colorado
- Lake City Outdoors Corp, Lake City