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Mountain Offroad Enterprises LLC

Delta, CO · All Other Specialty Trade Contractors · NAICS 238990

Mountain Offroad Enterprises LLC is located in Delta, CO, and is classified under NAICS 238990, All Other Specialty Trade Contractors. The business was financed with an SBA 7(a) loan for a change of ownership, with two loans approved by The Huntington National Bank on March 10, 2024, totaling $3,618,500. Reported employment associated with these loans is 4 jobs.

SBA 7(a) loan, change of ownership, approved Mar 10, 2024

$3,118,500 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,118,500
SBA-guaranteed amount
$2,338,875 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.99%, fixed
Term
10 years (120 months)
Estimated maturity
March 10, 2034 (estimated, approval date plus term)
Estimated monthly payment
$39,487 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 23, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Delta County, CO
SBA district office
Colorado District Office
Congressional district
CO-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 81% of acquisition loans in All Other Specialty Trade Contractors on this site.
  • Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
  • 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.

SBA 7(a) loan, change of ownership, approved Mar 10, 2024

$500,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$500,000
SBA-guaranteed amount
$250,000 (50% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
March 10, 2034 (estimated, approval date plus term)
Estimated monthly payment
$6,470 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 6, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Delta County, CO
SBA district office
Colorado District Office
Congressional district
CO-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
Yes
  • Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
  • 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