Sparky Nexus LLC
Sparky Nexus LLC is an advertising agency located in Loveland, Colorado, classified under NAICS code 541810. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $725,000, approved on December 11, 2024 through Busey Bank.
SBA 7(a) loan, change of ownership, approved Dec 11, 2024
$725,000 approvedLender: Busey Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $725,000
- SBA-guaranteed amount
- $543,750 (75% of the approval)
- Lender
- Busey Bank, Champaign, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 11, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,381 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 19, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 541810, Advertising Agencies
- Project location
- Larimer 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)
- Larger than 15% of acquisition loans in Advertising Agencies on this site.
- Average acquisition loan in Advertising Agencies: $1,888,400.
- 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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