C & J Tender Meat, Inc.
C & J Tender Meat, Inc. is a business in Anchorage, Alaska, in the animal (except poultry) slaughtering industry, NAICS code 311611. The company was financed with an SBA 7(a) loan for a change of ownership, with two loans of $726,500 and $1,640,000 approved by Readycap Lending, LLC on July 9, 2024.
SBA 7(a) loan, change of ownership, approved Jul 9, 2024
$1,640,000 approvedLender: Readycap Lending, LLC10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,640,000
- SBA-guaranteed amount
- $1,230,000 (75% of the approval)
- Lender
- Readycap Lending, LLC, Berkeley Heights, NJ
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 9, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $22,824 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 311611, Animal (except Poultry) Slaughtering
- Project location
- Anchorage County, AK
- SBA district office
- Alaska District Office
- Congressional district
- AK-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Animal (except Poultry) Slaughtering: $1,721,925.
- 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.
SBA 7(a) loan, change of ownership, approved Jul 9, 2024
$726,500 approvedLender: Readycap Lending, LLC25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $726,500
- SBA-guaranteed amount
- $544,875 (75% of the approval)
- Lender
- Readycap Lending, LLC, Berkeley Heights, NJ
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- July 9, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $7,252 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 311611, Animal (except Poultry) Slaughtering
- Project location
- Anchorage County, AK
- SBA district office
- Alaska District Office
- Congressional district
- AK-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Animal (except Poultry) Slaughtering: $1,721,925.
- 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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