DJC Investment Corporation
DJC Investment Corporation, located in Alabaster, Alabama, operates in the other construction material merchant wholesalers industry (NAICS 423390). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,373,000, approved on September 11, 2024, through Millennial Bank.
SBA 7(a) loan, change of ownership, approved Sep 11, 2024
$1,373,000 approvedLender: Millennial Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,373,000
- SBA-guaranteed amount
- $1,029,750 (75% of the approval)
- Lender
- Millennial Bank, Leeds, AL
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.75%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- September 11, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $12,235 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 423390, Other Construction Material Merchant Wholesalers
- Project location
- Shelby County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 33% of acquisition loans in Other Construction Material Merchant Wholesalers on this site.
- Average acquisition loan in Other Construction Material Merchant Wholesalers: $2,239,433.
- Average acquisition loan in Alabama: $1,764,717.
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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