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Truesdell Ventures LLC

Livermore, CO · Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210

Truesdell Ventures LLC is an electrical contracting business located in Livermore, Colorado, operating in the electrical contractors and other wiring installation contractors industry. The company was financed with an SBA 7(a) loan for a change of ownership of $897,000 from FMS Bank, with approval dated January 21, 2025.

SBA 7(a) loan, change of ownership, approved Jan 21, 2025

$897,000 approvedLender: FMS Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$897,000
SBA-guaranteed amount
$672,750 (75% of the approval)
Lender
FMS Bank, Fort Morgan, CO
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
10 years (120 months)
Estimated maturity
January 21, 2035 (estimated, approval date plus term)
Estimated monthly payment
$11,363 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 10, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
238210, Electrical Contractors and Other Wiring Installation Contractors
Project location
Larimer County, CO
SBA district office
Colorado District Office
Congressional district
CO-02
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 22% of acquisition loans in Electrical Contractors and Other Wiring Installation Contractors on this site.
  • Average acquisition loan in Electrical Contractors and Other Wiring Installation Contractors: $1,890,316.
  • 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