Main Street Registry

Floor Jack Parts Inc.

Los Alamitos, CA · Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance · NAICS 811310

Floor Jack Parts Inc. is located in Los Alamitos, CA, and the SBA lists its industry as Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance. It was approved for an SBA 7(a) loan of $3,304,300 for a change of ownership on May 21, 2024.

SBA 7(a) loan, change of ownership, approved May 21, 2024

Gross approval
$3,304,300
SBA-guaranteed amount
$2,973,870 (90% of the approval)
Lender
U.S. Bank, National Association, Cincinnati, OH
Processing method
International Trade Loan: for businesses that export or are preparing to
Initial interest rate
8.89%, fixed
Term
10 years (120 months)
Estimated maturity
May 21, 2034 (estimated, approval date plus term)
Estimated monthly payment
$41,661 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 14, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
811310, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
Project location
Orange County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-47
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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 California