Jatson Trading LLC
Jatson Trading LLC is located in South Boston, MA, and the SBA lists its industry as General Line Grocery Merchant Wholesalers. It was approved for an SBA 7(a) loan of $565,200 for a change of ownership on November 13, 2023.
SBA 7(a) loan, change of ownership, approved Nov 13, 2023
- Gross approval
- $565,200
- SBA-guaranteed amount
- $423,900 (75% of the approval)
- Lender
- T Bank, National Association, Dallas, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 13, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $7,866 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 28, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 424410, General Line Grocery Merchant Wholesalers
- Project location
- Suffolk County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in General Line Grocery Merchant Wholesalers: $2,118,293.
- Average acquisition loan in Massachusetts: $1,643,977.
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 Massachusetts
- Despensa Familiar, Inc., Waltham