White Oak Water LLC
White Oak Water LLC, located in Lovington, NM, operates in the support activities for oil and gas operations industry (NAICS 213112). The company was financed with an SBA 7(a) loan for a change of ownership, with an approved loan amount of $2,420,000 from Colony Bank, approved on December 22, 2025.
SBA 7(a) loan, change of ownership, approved Dec 22, 2025
$2,420,000 approvedLender: Colony Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,420,000
- SBA-guaranteed amount
- $1,815,000 (75% of the approval)
- Lender
- Colony Bank, Fitzgerald, GA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 22, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $21,566 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 5, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 213112, Support Activities for Oil and Gas Operations
- Project location
- Lea County, NM
- SBA district office
- New Mexico District Office
- Congressional district
- NM-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Support Activities for Oil and Gas Operations: $2,412,200.
- 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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