J & J Enterprises of Winona, LLC
J & J Enterprises of Winona, LLC is an electronics and appliance retailer located in Winona, Minnesota. The business was financed with an SBA 7(a) loan for a change of ownership totaling $545,400, approved on June 16, 2026 by Merchants Bank, National Association.
SBA 7(a) loan, change of ownership, approved Jun 16, 2026
$545,400 approvedLender: Merchants Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $545,400
- SBA-guaranteed amount
- $409,050 (75% of the approval)
- Lender
- Merchants Bank, National Association, Winona, MN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- June 16, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $6,333 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 1, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 18
- Business type
- Corporation
- NAICS
- 449210, Electronics and Appliance Retailers
- Project location
- Winona County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Electronics and Appliance Retailers: $1,482,373.
- Average acquisition loan in Minnesota: $1,482,119.
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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