Jones Sew & Vac-Boise, LLC
Jones Sew & Vac-Boise, LLC is a sewing, needlework, and piece goods retailer located in Boise, Idaho, in the NAICS 459130 industry. The company was financed with an SBA 7(a) loan for a change of ownership of $578,600, from Glacier Bank, with the loan approved on November 16, 2023.
SBA 7(a) loan, change of ownership, approved Nov 16, 2023
$578,600 approvedLender: Glacier Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $578,600
- SBA-guaranteed amount
- $433,950 (75% of the approval)
- Lender
- Glacier Bank, Kalispell, MT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 16, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $7,646 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 4, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 459130, Sewing, Needlework, and Piece Goods Retailers
- Project location
- Ada County, ID
- SBA district office
- Boise District Office
- Congressional district
- ID-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 10% of acquisition loans in Sewing, Needlework, and Piece Goods Retailers on this site.
- Average acquisition loan in Sewing, Needlework, and Piece Goods Retailers: $970,240.
- Average acquisition loan in Idaho: $1,527,113.
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.