Jar Industrial Group LLC
Jar Industrial Group LLC, located in Sterling, Illinois, operates in special die and tool, die set, jig, and fixture manufacturing (NAICS 333514). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,460,000, with Fifth Third Bank as the lender and an approval date of September 11, 2026.
SBA 7(a) loan, change of ownership, approved Sep 11, 2026
$1,460,000 approvedLender: Fifth Third Bank10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $1,460,000
- SBA-guaranteed amount
- $1,095,000 (75% of the approval)
- Lender
- Fifth Third Bank, Cincinnati, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 11, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $17,522 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 333514, Special Die and Tool, Die Set, Jig, and Fixture Manufacturing
- Project location
- Whiteside County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-16
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Special Die and Tool, Die Set, Jig, and Fixture Manufacturing: $1,637,778.
- Average acquisition loan in Illinois: $1,796,780.
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.
Is this your company? Claim or correct this listing. See Corrections.