Prentiss LLC
Prentiss LLC is located in Crested Butte, CO, and the SBA lists its industry as Painting and Wall Covering Contractors. It was approved for an SBA 7(a) loan of $1,482,000 for a change of ownership on May 23, 2025.
SBA 7(a) loan, change of ownership, approved May 23, 2025
- Gross approval
- $1,482,000
- SBA-guaranteed amount
- $1,111,500 (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
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 23, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $18,375 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 21
- Business type
- Corporation
- NAICS
- 238320, Painting and Wall Covering Contractors
- Project location
- Gunnison 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 71% of acquisition loans in Painting and Wall Covering Contractors on this site.
- Average acquisition loan in Painting and Wall Covering Contractors: $1,429,871.
- 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
- Pat's Painting L.L.C., Denver
- Daisy Point Holdings LLC, Boulder