Portico Printing, Inc.
Portico Printing, Inc. is a business in Boulder, Colorado, in the directory and mailing list publishers industry (NAICS 513140). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1,205,000 approved by 22nd State Bank, A Division of 22nd State Banking Company, on January 6, 2024.
SBA 7(a) loan, change of ownership, approved Jan 6, 2024
$1,205,000 approvedLender: 22nd State Bank, A Division of 22nd State Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,205,000
- SBA-guaranteed amount
- $903,750 (75% of the approval)
- Lender
- 22nd State Bank, A Division of 22nd State Banking Company, Mobile, AL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 6, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $16,599 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 513140, Directory and Mailing List Publishers
- Project location
- Boulder County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Directory and Mailing List Publishers: $1,026,667.
- 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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