Jit Holdings LLC dba RIP Technologies LLC
Jit Holdings LLC dba RIP Technologies LLC is located in Mount Sterling, Kentucky, and is classified under NAICS 449129 for all other home furnishings retailers. The company financed real estate or equipment through an SBA 504 loan of $1,535,000 approved on April 19, 2024, with JPMorgan Chase Bank, National Association as the bank partner and Capital Access Corporation - Kentucky as the certified development company.
SBA 504 loan, approved Apr 19, 2024
$1,535,000 SBA portionCDC: Capital Access Corporation - Kentucky25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,535,000
- Bank portion
- $1,875,000
- Estimated project size
- $3,788,889 (estimated)
- Estimated owner equity
- $378,889 (estimated, about 10% of the project)
- Bank lender
- JPMorgan Chase Bank, National Association, Columbus, OH
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- April 19, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 449129, All Other Home Furnishings Retailers
- Project location
- Montgomery County, KY
- SBA district office
- Kentucky District Office
- Congressional district
- KY-6
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 54% of expansion loans in All Other Home Furnishings Retailers on this site.
- Average expansion loan in All Other Home Furnishings Retailers: $1,558,154.
- Average expansion loan in Kentucky: $2,344,000.
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.