Grit Energy Services Inc.
2511 S. Eunice Highway B, Hobbs, NM 88240 · Portfolio Management (NAICS 523920)
Loan Summary
Source: SBA FOIA Loan-Level DataTotal Loans
2
Total Amount
$3.0M
Jobs Supported
110
Years Active
2019–2019
Loan History (2)
Source: SBA FOIA7(a)$350,000
Exempt
- Approved
- May 22, 2019 (FY2019)
- SBA Guaranteed
- $262,500 (75%)
- Term
- 72 months (6.0 yrs)
- Interest Rate
- 8.25%
- Revolver
- 1
- Jobs Supported
- 55
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Portfolio Management (NAICS 523920)
Lender
Byline Bank
180 N Lasalle St, Ste 300, Chicago, IL 60601
Project Location
Lea County, NM
7(a)$2,600,000
Charged Off
- Approved
- May 22, 2019 (FY2019)
- SBA Guaranteed
- $1,950,000 (75%)
- Term
- 80 months (6.7 yrs)
- Interest Rate
- 8.25%
- Revolver
- 0
- Jobs Supported
- 55
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Portfolio Management (NAICS 523920)
- Charge-off Date
- Dec 13, 2024
- Charge-off Amount
- $1,468,570
Lender
Byline Bank
180 N Lasalle St, Ste 300, Chicago, IL 60601
Project Location
Lea County, NM
Business Details
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- NAICS Code
- 523920 — Portfolio Management
- Address
- 2511 S. Eunice Highway B
Hobbs, NM 88240
Lender
- Byline Bank
- 180 N Lasalle St, Ste 300, Chicago, IL 60601