Tay-J Enterprises LLC
Tay-J Enterprises LLC, located in Pueblo, Colorado, is classified under NAICS 459999, All Other Miscellaneous Retailers. The company was financed with an SBA 7(a) loan for a change of ownership of $931,900, approved on July 16, 2024, through Fortis Bank.
SBA 7(a) loan, change of ownership, approved Jul 16, 2024
$931,900 approvedLender: Fortis Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $931,900
- SBA-guaranteed amount
- $698,925 (75% of the approval)
- Lender
- Fortis Bank, Denver, CO
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 16, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $12,969 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 459999, All Other Miscellaneous Retailers
- Project location
- Pueblo County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 44% of acquisition loans in All Other Miscellaneous Retailers on this site.
- Average acquisition loan in All Other Miscellaneous Retailers: $1,546,818.
- Average acquisition loan in Colorado: $1,608,658.
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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