Mj Premier Logistics Incorporated
Mj Premier Logistics Incorporated is located in Bethpage, NY, and the SBA lists its industry as General Freight Trucking, Local. It was approved for an SBA 7(a) loan of $2,301,000 for a change of ownership on June 12, 2024.
SBA 7(a) loan, change of ownership, approved Jun 12, 2024
- Gross approval
- $2,301,000
- SBA-guaranteed amount
- $1,725,750 (75% of the approval)
- Lender
- Hanover Community Bank, Mineola, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 12, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $32,351 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 484110, General Freight Trucking, Local
- Project location
- Nassau County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 78% of acquisition loans in General Freight Trucking, Local on this site.
- Average acquisition loan in General Freight Trucking, Local: $1,691,140.
- Average acquisition loan in New York: $1,771,512.
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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