JAM Sports & Apparel, LLC
JAM Sports & Apparel, LLC is a sporting goods retailer in Minneapolis, Minnesota, classified under NAICS 459110 (Sporting Goods Retailers). The business was financed with an SBA 7(a) loan for a change of ownership of $866,000, approved on January 31, 2025 by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Jan 31, 2025
$866,000 approvedLender: The Huntington National Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $866,000
- SBA-guaranteed amount
- $649,500 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.9%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- January 31, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $6,627 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 28, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 459110, Sporting Goods Retailers
- Project location
- Hennepin County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 40% of acquisition loans in Sporting Goods Retailers on this site.
- Average acquisition loan in Sporting Goods Retailers: $1,337,498.
- 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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