Rocky Mountain Adhesives, LLC
Rocky Mountain Adhesives, LLC is an industrial supplies merchant wholesaler located in Aurora, Colorado, in the industrial supplies merchant wholesalers industry. The business was financed with an SBA 7(a) loan for a change of ownership of $1,040,700, approved on May 15, 2024, through Fortis Bank.
SBA 7(a) loan, change of ownership, approved May 15, 2024
$1,040,700 approvedLender: Fortis Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,040,700
- SBA-guaranteed amount
- $780,525 (75% of the approval)
- Lender
- Fortis Bank, Denver, CO
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 15, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,466 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 423840, Industrial Supplies Merchant Wholesalers
- Project location
- Adams 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)
- Larger than 32% of acquisition loans in Industrial Supplies Merchant Wholesalers on this site.
- Average acquisition loan in Industrial Supplies Merchant Wholesalers: $1,953,526.
- 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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