JCS Property and Holdings LLC
JCS Property and Holdings LLC, located in Belle Fourche, South Dakota, operates in the General Automotive Repair industry (NAICS 811111). The company was financed with an SBA 7(a) loan for a change of ownership of $1,653,300, approved on September 24, 2024, through First Interstate Bank.
SBA 7(a) loan, change of ownership, approved Sep 24, 2024
$1,653,300 approvedLender: First Interstate Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,653,300
- SBA-guaranteed amount
- $1,239,975 (75% of the approval)
- Lender
- First Interstate Bank, Billings, MT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- September 24, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $13,313 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 27, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Butte County, SD
- SBA district office
- South Dakota District Office
- Congressional district
- SD-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 75% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in South Dakota: $1,631,547.
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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