Stamper Drilling & Pump Service, LLC
Stamper Drilling & Pump Service, LLC is a business in Las Cruces, New Mexico, in the water and sewer line and related structures construction industry (NAICS 237110). The company was financed with an SBA 7(a) loan for a change of ownership of $952,000, approved on November 12, 2024, through First New Mexico Bank Las Cruces.
SBA 7(a) loan, change of ownership, approved Nov 12, 2024
$952,000 approvedLender: First New Mexico Bank Las Cruces16 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $952,000
- SBA-guaranteed amount
- $714,000 (75% of the approval)
- Lender
- First New Mexico Bank Las Cruces, Las Cruces, NM
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10%, variable
- Term
- 16 years (192 months)
- Estimated maturity
- November 12, 2040 (estimated, approval date plus term)
- Estimated monthly payment
- $9,957 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 3, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 237110, Water and Sewer Line and Related Structures Construction
- Project location
- Dona Ana County, NM
- SBA district office
- New Mexico District Office
- Congressional district
- NM-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 15% of acquisition loans in Water and Sewer Line and Related Structures Construction on this site.
- Average acquisition loan in Water and Sewer Line and Related Structures Construction: $2,660,100.
- Average acquisition loan in New Mexico: $1,985,089.
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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