J Yankle Construction, LLC
J Yankle Construction, LLC is located in Columbus, OH, and the SBA lists its industry as Other Building Finishing Contractors. It was approved for an SBA 7(a) loan of $630,000 for a change of ownership on July 12, 2024.
SBA 7(a) loan, change of ownership, approved Jul 12, 2024
- Gross approval
- $630,000
- SBA-guaranteed amount
- $472,500 (75% of the approval)
- Lender
- German American Bank, Jasper, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 7 years (84 months)
- Estimated maturity
- July 12, 2031 (estimated, approval date plus term)
- Estimated monthly payment
- $10,297 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 19, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- Corporation
- NAICS
- 238390, Other Building Finishing Contractors
- Project location
- Franklin County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 14% of acquisition loans in Other Building Finishing Contractors on this site.
- Average acquisition loan in Other Building Finishing Contractors: $1,603,650.
- 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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