Lake City Outdoors Corp
Lake City Outdoors Corp is a recreational goods rental business in Lake City, CO, in the industry described as Recreational Goods Rental (NAICS 532284). The company was financed with an SBA 7(a) loan for a change of ownership of $2.3 million, approved April 28, 2026, through the lender VelocitySBA, LLC, with 4 jobs reported.
SBA 7(a) loan, change of ownership, approved Apr 28, 2026
$2,325,000 approvedLender: VelocitySBA, LLC25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,325,000
- SBA-guaranteed amount
- $1,743,750 (75% of the approval)
- Lender
- VelocitySBA, LLC, Irving, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- April 28, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $19,511 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 9, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 532284, Recreational Goods Rental
- Project location
- Hinsdale 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 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
- Harpington L.L.C., Winter Park