Jones 5 Investments Inc.
Jones 5 Investments Inc. is a wood kitchen cabinet and countertop manufacturer located in Rogers, Arkansas. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,304,400, approved on April 9, 2024 by Arvest Bank.
SBA 7(a) loan, change of ownership, approved Apr 9, 2024
$1,304,400 approvedLender: Arvest Bank186 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,304,400
- SBA-guaranteed amount
- $978,300 (75% of the approval)
- Lender
- Arvest Bank, Fayetteville, AR
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.5%, variable
- Term
- 15 years, 6 months (186 months)
- Estimated maturity
- October 9, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $13,423 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 29
- Business type
- Corporation
- NAICS
- 337110, Wood Kitchen Cabinet and Countertop Manufacturing
- Project location
- Benton County, AR
- SBA district office
- Arkansas District Office
- Congressional district
- AR-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 42% of acquisition loans in Wood Kitchen Cabinet and Countertop Manufacturing on this site.
- Average acquisition loan in Wood Kitchen Cabinet and Countertop Manufacturing: $1,828,277.
- Average acquisition loan in Arkansas: $2,003,702.
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.