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J&S Asphalt, Inc.

Chula Vista, CA · All Other Specialty Trade Contractors · NAICS 238990

J&S Asphalt, Inc. is a business in Chula Vista, CA, classified under the NAICS industry All Other Specialty Trade Contractors. The company was financed with an SBA 7(a) loan for a change of ownership of $770,000, approved on April 18, 2024, through Banner Bank, and the SBA records 44 jobs associated with the loan.

SBA 7(a) loan, change of ownership, approved Apr 18, 2024

$770,000 approvedLender: Banner Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$770,000
SBA-guaranteed amount
$577,500 (75% of the approval)
Lender
Banner Bank, Walla Walla, WA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
April 18, 2034 (estimated, approval date plus term)
Estimated monthly payment
$10,390 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
44
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
San Diego County, CA
SBA district office
San Diego District Office
Congressional district
CA-51
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 23% of acquisition loans in All Other Specialty Trade Contractors on this site.
  • Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
  • Average acquisition loan in California: $1,688,228.

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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Same industry in California