RJ & Son, LLC
RJ & Son, LLC is a hardware retailer located in Soldotna, Alaska. The business was financed with an SBA 7(a) loan for a change of ownership of $540,000, approved on November 4, 2023, through Pathward National Association.
SBA 7(a) loan, change of ownership, approved Nov 4, 2023
$540,000 approvedLender: Pathward National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $540,000
- SBA-guaranteed amount
- $405,000 (75% of the approval)
- Lender
- Pathward National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- November 4, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $6,840 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 8, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 444140, Hardware Retailers
- Project location
- Kenai Peninsula County, AK
- SBA district office
- Alaska District Office
- Congressional district
- AK-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 3% of acquisition loans in Hardware Retailers on this site.
- Average acquisition loan in Hardware Retailers: $1,808,637.
- Average acquisition loan in Alaska: $1,671,114.
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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