Main Street Registry

Jstrawz, LLC and JDs Hardware, Inc.

Trenton, MI · Hardware Retailers · NAICS 444140

Jstrawz, LLC and JDs Hardware, Inc. is a hardware retailer located in Trenton, Michigan, in the hardware retailers industry. The business was financed with an SBA 7(a) loan for a change of ownership totaling $704,000, approved on December 21, 2023 through Community Choice CU.

SBA 7(a) loan, change of ownership, approved Dec 21, 2023

$704,000 approvedLender: Community Choice CU25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$704,000
SBA-guaranteed amount
$528,000 (75% of the approval)
Lender
Community Choice CU, Farmington Hills, MI
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10%, variable
Term
25 years (300 months)
Estimated maturity
December 21, 2048 (estimated, approval date plus term)
Estimated monthly payment
$6,397 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 10, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
444140, Hardware Retailers
Project location
Wayne County, MI
SBA district office
Michigan District Office
Congressional district
MI-12
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 15% of acquisition loans in Hardware Retailers on this site.
  • Average acquisition loan in Hardware Retailers: $1,808,637.
  • Average acquisition loan in Michigan: $1,645,728.

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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Same industry in Michigan