JHC Fabrication Ventures LLC
JHC Fabrication Ventures LLC is an institutional furniture manufacturer located in Brooklyn, New York, classified under NAICS code 337127. The company was financed with an SBA 7(a) loan for a change of ownership of $4.9 million, approved on January 17, 2025, through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Jan 17, 2025
$4,900,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,900,000
- SBA-guaranteed amount
- $3,675,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 17, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $63,405 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 337127, Institutional Furniture Manufacturing
- Project location
- Kings County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Institutional Furniture Manufacturing: $2,430,000.
- Average acquisition loan in New York: $1,771,512.
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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