Ljem Properties Ohio LLC
Ljem Properties Ohio LLC is located in Cincinnati, OH, and the SBA lists its industry as Amusement and Theme Parks. It was approved for an SBA 7(a) loan of $3,097,000 for a change of ownership on February 27, 2024.
SBA 7(a) loan, change of ownership, approved Feb 27, 2024
- Gross approval
- $3,097,000
- SBA-guaranteed amount
- $2,322,750 (75% of the approval)
- Lender
- Celtic Bank Corporation, Salt Lake City, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 27, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $42,224 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 8, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 66
- Business type
- Corporation
- NAICS
- 713110, Amusement and Theme Parks
- Project location
- Hamilton County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Amusement and Theme Parks: $2,448,250.
- Average acquisition loan in Ohio: $1,840,340.
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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