JACKS Hospitality LLC
JACKS Hospitality LLC, located in New Hill, NC, is classified under the industry All Other Personal Services (NAICS 812990). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $3,423,000, lender TowneBank, approved March 3, 2026.
SBA 7(a) loan, change of ownership, approved Mar 3, 2026
$3,423,000 approvedLender: TowneBank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,423,000
- SBA-guaranteed amount
- $2,567,250 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- March 3, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $25,855 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 31, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 812990, All Other Personal Services
- Project location
- Chatham County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 95% of acquisition loans in All Other Personal Services on this site.
- Average acquisition loan in All Other Personal Services: $1,504,156.
- Average acquisition loan in North Carolina: $1,952,444.
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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