DJP Produce, LLC
DJP Produce, LLC is located in Chicago, IL, and the SBA lists its industry as Supermarkets and Other Grocery Retailers (except Convenience Retailers). It was approved for an SBA 7(a) loan of $4,700,000 for a change of ownership on January 21, 2025.
SBA 7(a) loan, change of ownership, approved Jan 21, 2025
- Gross approval
- $4,700,000
- SBA-guaranteed amount
- $3,525,000 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 21, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $62,763 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 6, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 41
- Business type
- Corporation
- NAICS
- 445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 96% of acquisition loans in Supermarkets and Other Grocery Retailers (except Convenience Retailers) on this site.
- Average acquisition loan in Supermarkets and Other Grocery Retailers (except Convenience Retailers): $1,791,981.
- Average acquisition loan in Illinois: $1,796,780.
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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