Justice Ventures Inc.
Justice Ventures Inc. is located in Lewiston, ID, and the SBA lists its industry as Private Mail Centers. It was approved for an SBA 7(a) loan of $519,500 for a change of ownership on January 29, 2025.
SBA 7(a) loan, change of ownership, approved Jan 29, 2025
- Gross approval
- $519,500
- SBA-guaranteed amount
- $389,625 (75% of the approval)
- Lender
- Merchants Bank of Indiana, Carmel, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 29, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $6,722 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 561431, Private Mail Centers
- Franchise
- The UPS Store
- Project location
- Nez Perce County, ID
- SBA district office
- Seattle District Office
- Congressional district
- ID-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Private Mail Centers: $940,205.
- 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.
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