Main Street Registry

Jjt Holdings, LLC

Schaumburg, IL · Machine Shops · NAICS 332710

JJT Holdings, LLC, located in Schaumburg, Illinois, operates in the machine shops industry (NAICS 332710). The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,625,900, approved on September 27, 2024, by State Bank of the Lakes, National Association.

SBA 7(a) loan, change of ownership, approved Sep 27, 2024

$1,625,900 approvedLender: State Bank of the Lakes, National Association16 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,625,900
SBA-guaranteed amount
$1,219,425 (75% of the approval)
Lender
State Bank of the Lakes, National Association, Antioch, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8%, fixed
Term
16 years (192 months)
Estimated maturity
September 27, 2040 (estimated, approval date plus term)
Estimated monthly payment
$15,038 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
332710, Machine Shops
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-08
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 42% of acquisition loans in Machine Shops on this site.
  • Average acquisition loan in Machine Shops: $2,116,278.
  • Average acquisition loan in Illinois: $1,796,780.

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 Illinois