Online Liquidation Auction LLC
Online Liquidation Auction LLC is a business in Strongsville, Ohio, in the all other miscellaneous retailers industry (NAICS 459999). The company financed real estate or equipment through an SBA 504 loan of $2,405,000, approved on December 4, 2023, with JPMorgan Chase Bank, National Association as the lender and Growth Capital Corp. as the certified development company.
SBA 504 loan, approved Dec 4, 2023
$2,405,000 SBA portionCDC: Growth Capital Corp.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,405,000
- Bank portion
- $2,950,000
- Estimated project size
- $5,950,000 (estimated)
- Estimated owner equity
- $595,000 (estimated, about 10% of the project)
- Bank lender
- JPMorgan Chase Bank, National Association, Columbus, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 4, 2048 (estimated, approval date plus term)
- First disbursement
- Aug 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 130
- Business type
- Corporation
- NAICS
- 459999, All Other Miscellaneous Retailers
- Project location
- Cuyahoga County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-7
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 76% of expansion loans in All Other Miscellaneous Retailers on this site.
- Average expansion loan in All Other Miscellaneous Retailers: $1,970,828.
- Average expansion loan in Ohio: $2,096,556.
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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