Dress Gallery by Jillian, LLC
Dress Gallery by Jillian, LLC is a clothing and clothing accessories retailer located in Wichita, Kansas. The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,637,000, approved by Community National Bank & Trust on November 15, 2023.
SBA 7(a) loan, change of ownership, approved Nov 15, 2023
$1,637,000 approvedLender: Community National Bank & Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,637,000
- SBA-guaranteed amount
- $1,227,750 (75% of the approval)
- Lender
- Community National Bank & Trust, Chanute, KS
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- November 15, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $20,737 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 4, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 458110, Clothing and Clothing Accessories Retailers
- Project location
- Sedgwick County, KS
- SBA district office
- Wichita District Office
- Congressional district
- KS-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 71% of acquisition loans in Clothing and Clothing Accessories Retailers on this site.
- Average acquisition loan in Clothing and Clothing Accessories Retailers: $1,439,812.
- Average acquisition loan in Kansas: $1,491,022.
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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