Just the Floor of Us LLC
Just the Floor of Us LLC, located in Joplin, Missouri, operates in the Floor Covering Retailers industry (NAICS 449121). The company was financed with an SBA 7(a) loan for a change of ownership of $624,000, provided by OakStar Bank, with approval dated October 3, 2024.
SBA 7(a) loan, change of ownership, approved Oct 3, 2024
$624,000 approvedLender: OakStar Bank5 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $624,000
- SBA-guaranteed amount
- $468,000 (75% of the approval)
- Lender
- OakStar Bank, Springfield, MO
- Processing method
- 7(a) WCP
- Initial interest rate
- 11.25%, variable
- Term
- 5 years (60 months)
- Estimated maturity
- October 3, 2029 (estimated, approval date plus term)
- Estimated monthly payment
- $13,645 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 10, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 449121, Floor Covering Retailers
- Project location
- Jasper County, MO
- SBA district office
- Kansas City District Office
- Congressional district
- MO-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Larger than 4% of acquisition loans in Floor Covering Retailers on this site.
- Average acquisition loan in Floor Covering Retailers: $2,205,596.
- Average acquisition loan in Missouri: $1,584,414.
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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