JRA Industries, Inc
JRA Industries, Inc, located in Montrose, PA, operates in solid waste collection (NAICS 562111). The company was financed with an SBA 7(a) loan for a change of ownership of $3,378,000, approved on October 16, 2024 by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Oct 16, 2024
$3,378,000 approvedLender: The Huntington National Bank13 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,378,000
- SBA-guaranteed amount
- $2,533,500 (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
- 10.5%, variable
- Term
- 13 years (156 months)
- Estimated maturity
- October 16, 2037 (estimated, approval date plus term)
- Estimated monthly payment
- $39,776 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 22, 2024
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 562111, Solid Waste Collection
- Project location
- Susquehanna County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-12
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 95% of acquisition loans in Solid Waste Collection on this site.
- Average acquisition loan in Solid Waste Collection: $1,466,890.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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