J & M's Place LLC
J & M's Place LLC is located in Odessa, TX, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 7(a) loan of $1,133,000 for a change of ownership on May 19, 2025.
SBA 7(a) loan, change of ownership, approved May 19, 2025
- Gross approval
- $1,133,000
- SBA-guaranteed amount
- $849,750 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.9%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- May 19, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $8,670 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 28, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Ector County, TX
- SBA district office
- Lubbock District Office
- Congressional district
- TX-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 59% of acquisition loans in Full-Service Restaurants on this site.
- Average acquisition loan in Full-Service Restaurants: $1,319,601.
- Average acquisition loan in Texas: $1,944,682.
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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