S&J Holdings, LLC
S&J Holdings, LLC is a general automotive repair business located in Gonzales, Louisiana. It was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $783,000 approved by American Bank on December 2, 2023.
SBA 7(a) loan, change of ownership, approved Dec 2, 2023
$783,000 approvedLender: American Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $783,000
- SBA-guaranteed amount
- $587,250 (75% of the approval)
- Lender
- American Bank, Covington, LA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 2, 2048 (estimated, approval date plus term)
- Estimated monthly payment
- $7,393 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 7, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Ascension County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 30% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in Louisiana: $1,702,056.
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 Louisiana
- JW Auto Holdings II, LLC, New Orleans