JHC Crane Rental LLC
JHC Crane Rental LLC is located in Houston, Texas, and operates in construction, mining, and forestry machinery and equipment rental and leasing. The company was financed with an SBA 7(a) loan for a change of ownership of $1,684,000, approved on June 17, 2024, through Frost Bank.
SBA 7(a) loan, change of ownership, approved Jun 17, 2024
$1,684,000 approvedLender: Frost Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,684,000
- SBA-guaranteed amount
- $1,263,000 (75% of the approval)
- Lender
- Frost Bank, San Antonio, TX
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.5%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- June 17, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $22,723 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 27, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 21
- Business type
- Corporation
- NAICS
- 532412, Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
- Project location
- Harris County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing: $3,102,900.
- Average acquisition loan in Texas: $1,944,682.
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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