Just Cut It LLC
Just Cut It LLC is located in Yakima, WA, and the SBA lists its industry as Site Preparation Contractors. It was approved for an SBA 7(a) loan of $1,220,000 for a change of ownership on August 19, 2024.
SBA 7(a) loan, change of ownership, approved Aug 19, 2024
- Gross approval
- $1,220,000
- SBA-guaranteed amount
- $915,000 (75% of the approval)
- Lender
- Banner Bank, Walla Walla, WA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 19, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $16,462 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 26, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 238910, Site Preparation Contractors
- Project location
- Yakima County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 32% of acquisition loans in Site Preparation Contractors on this site.
- Average acquisition loan in Site Preparation Contractors: $1,877,202.
- Average acquisition loan in Washington: $1,784,595.
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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