Summit & Swirl LLC
Summit & Swirl LLC, located in Manitou Springs, Colorado, operates in the drinking places (alcoholic beverages) industry. The company was financed with an SBA 7(a) loan for a change of ownership of $643,000, approved on March 4, 2025, through lender TowneBank.
SBA 7(a) loan, change of ownership, approved Mar 4, 2025
$643,000 approvedLender: TowneBank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $643,000
- SBA-guaranteed amount
- $482,250 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 4, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $8,587 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 19
- Business type
- Corporation
- NAICS
- 722410, Drinking Places (Alcoholic Beverages)
- Project location
- El Paso County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 21% of acquisition loans in Drinking Places (Alcoholic Beverages) on this site.
- Average acquisition loan in Drinking Places (Alcoholic Beverages): $1,078,366.
- 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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