K Jamm, LLC
K Jamm, LLC is located in Trevor, WI, and the SBA lists its industry as Drinking Places (Alcoholic Beverages). It was approved for an SBA 7(a) loan of $740,000 for a change of ownership on May 29, 2024.
SBA 7(a) loan, change of ownership, approved May 29, 2024
- Gross approval
- $740,000
- SBA-guaranteed amount
- $555,000 (75% of the approval)
- Lender
- First Business Bank, Madison, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- May 29, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $7,119 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 20, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 722410, Drinking Places (Alcoholic Beverages)
- Project location
- Kenosha County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 39% of acquisition loans in Drinking Places (Alcoholic Beverages) on this site.
- Average acquisition loan in Drinking Places (Alcoholic Beverages): $1,078,366.
- Average acquisition loan in Wisconsin: $1,729,230.
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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