Jj Balogh Industries LLC
Jj Balogh Industries LLC is located in Brook Park, Ohio, and operates in the All Other Professional, Scientific, and Technical Services industry (NAICS 541990). The company was financed with an SBA 7(a) loan for a change of ownership of $1,052,500, approved on June 7, 2025 through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Jun 7, 2025
$1,052,500 approvedLender: Live Oak Banking Company16 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,052,500
- SBA-guaranteed amount
- $789,375 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 16 years (192 months)
- Estimated maturity
- June 7, 2041 (estimated, approval date plus term)
- Estimated monthly payment
- $10,362 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 541990, All Other Professional, Scientific, and Technical Services
- Project location
- Cuyahoga County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 39% of acquisition loans in All Other Professional, Scientific, and Technical Services on this site.
- Average acquisition loan in All Other Professional, Scientific, and Technical Services: $1,682,572.
- Average acquisition loan in Ohio: $1,840,340.
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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