J Boren & Son's Logistics, LLC
J Boren & Son's Logistics, LLC, located in Dublin, OH, operates in freight transportation arrangement. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $2,784,400 approved on January 8, 2025 by German American Bank.
SBA 7(a) loan, change of ownership, approved Jan 8, 2025
$2,784,400 approvedLender: German American Bank10 years termPaid in fullLoan details
- Gross approval
- $2,784,400
- SBA-guaranteed amount
- $2,088,300 (75% of the approval)
- Lender
- German American Bank, Jasper, IN
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 8, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $36,029 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 15, 2025
- Loan status
- Paid in full
- Jobs supported
- 50
- Business type
- Corporation
- NAICS
- 488510, Freight Transportation Arrangement
- Project location
- Franklin County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 59% of acquisition loans in Freight Transportation Arrangement on this site.
- Average acquisition loan in Freight Transportation Arrangement: $2,442,765.
- Average acquisition loan in Ohio: $1,840,340.
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 Ohio
- 828 Logistics LLC, Cincinnati
- Veritas Logistics, LLC, Cincinnati