Pillar to Post 46932-1
Pillar to Post 46932-1, located in Wheat Ridge, Colorado, operates in building inspection services under NAICS code 541350. The company was financed with an SBA 7(a) loan for a change of ownership of $640,000 from First Internet Bank of Indiana, approved on April 10, 2024, and it is a Pillar To Post franchise.
SBA 7(a) loan, change of ownership, approved Apr 10, 2024
$640,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $640,000
- SBA-guaranteed amount
- $480,000 (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
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 10, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,907 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 541350, Building Inspection Services
- Franchise
- Pillar To Post
- Project location
- Jefferson County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Building Inspection Services: $1,298,457.
- 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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