Zala Cleaning Services Inc.
Zala Cleaning Services Inc. is located in Union, NJ, and the SBA lists its industry as Janitorial Services. It was approved for an SBA 7(a) loan of $772,000 for a change of ownership on January 19, 2024.
SBA 7(a) loan, change of ownership, approved Jan 19, 2024
- Gross approval
- $772,000
- SBA-guaranteed amount
- $579,000 (75% of the approval)
- Lender
- 22nd State Bank, A Division of 22nd State Banking Company, Mobile, AL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 19, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,744 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 42
- Business type
- Corporation
- NAICS
- 561720, Janitorial Services
- Franchise
- The Maids
- Project location
- Union County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 45% of acquisition loans in Janitorial Services on this site.
- Average acquisition loan in Janitorial Services: $1,070,529.
- Average acquisition loan in New Jersey: $1,626,307.
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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