J.A.R. Capital Group, Inc.
J.A.R. Capital Group, Inc. is located in Tempe, AZ, and the SBA lists its industry as Motor Vehicle Body Manufacturing. It was approved for an SBA 7(a) loan of $5,000,000 for a change of ownership on November 18, 2023.
SBA 7(a) loan, change of ownership, approved Nov 18, 2023
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- UMB Bank, National Association, Kansas City, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 18, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $64,699 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 6, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 38
- Business type
- Corporation
- NAICS
- 336211, Motor Vehicle Body Manufacturing
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Motor Vehicle Body Manufacturing: $3,048,000.
- Average acquisition loan in Arizona: $1,690,811.
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.
Is this your company? Claim or correct this listing. See Corrections.