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San Juan Sunrise, LLC

Lake City, CO · Full-Service Restaurants · NAICS 722511

San Juan Sunrise, LLC is a full-service restaurant in Lake City, Colorado, classified under NAICS 722511. The company was financed with an SBA 7(a) loan for a change of ownership totaling $660,000, approved on April 2, 2024 by Community Banks of Colorado, A Division of NBH Bank.

SBA 7(a) loan, change of ownership, approved Apr 2, 2024

$660,000 approvedLender: Community Banks of Colorado, A Division of NBH Bank299 months termStatus not reported (SBA exemption)Loan details
Gross approval
$660,000
SBA-guaranteed amount
$495,000 (75% of the approval)
Lender
Community Banks of Colorado, A Division of NBH Bank, Greenwood Village, CO
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.85%, variable
Term
24 years, 11 months (299 months)
Estimated maturity
March 2, 2049 (estimated, approval date plus term)
Estimated monthly payment
$5,476 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Hinsdale County, CO
SBA district office
Colorado District Office
Congressional district
CO-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 23% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • 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