Know Justice Clothing LLC
Know Justice Clothing LLC is a clothing and clothing accessories retailer in Milwaukee, Wisconsin, classified under NAICS 458110. The business was financed with an SBA 7(a) loan for a change of ownership of $1.3 million, approved on November 15, 2023, through Old National Bank.
SBA 7(a) loan, change of ownership, approved Nov 15, 2023
$1,341,600 approvedLender: Old National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,341,600
- SBA-guaranteed amount
- $1,006,200 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.9%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- November 15, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $16,207 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
- 2
- Business type
- Corporation
- NAICS
- 458110, Clothing and Clothing Accessories Retailers
- Project location
- Milwaukee County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 56% of acquisition loans in Clothing and Clothing Accessories Retailers on this site.
- Average acquisition loan in Clothing and Clothing Accessories Retailers: $1,439,812.
- Average acquisition loan in Wisconsin: $1,729,230.
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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