Jcb Surveying LLC
Jcb Surveying LLC is a geophysical surveying and mapping services business located in Chandler, AZ. It was financed with an SBA 7(a) loan for a change of ownership totaling $555,000, approved on July 23, 2024, by 22nd State Bank, A Division of 22nd State Banking Company.
SBA 7(a) loan, change of ownership, approved Jul 23, 2024
$555,000 approvedLender: 22nd State Bank, A Division of 22nd State Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $555,000
- SBA-guaranteed amount
- $416,250 (75% of the approval)
- Lender
- 22nd State Bank, A Division of 22nd State Banking Company, Mobile, AL
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 23, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,724 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- LLC or partnership
- NAICS
- 541360, Geophysical Surveying and Mapping Services
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Geophysical Surveying and Mapping Services: $1,030,000.
- Average acquisition loan in Arizona: $1,690,811.
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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