Journey Warehousing and Logistics Company
Journey Warehousing and Logistics Company, located in Louisville, Kentucky, operates in wood container and pallet manufacturing under NAICS code 321920. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $975,000, with North State Bank as the lender and approval dated November 8, 2023.
SBA 7(a) loan, change of ownership, approved Nov 8, 2023
$975,000 approvedLender: North State Bank10 years termPaid in fullLoan details
- Gross approval
- $975,000
- SBA-guaranteed amount
- $731,250 (75% of the approval)
- Lender
- North State Bank, Raleigh, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 8, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $13,569 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 14, 2023
- Loan status
- Paid in full
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 321920, Wood Container and Pallet Manufacturing
- Project location
- Jefferson County, KY
- SBA district office
- Kentucky District Office
- Congressional district
- KY-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Wood Container and Pallet Manufacturing: $1,868,040.
- Average acquisition loan in Kentucky: $1,988,993.
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.