RJAZ Properties, LLC
RJAZ Properties, LLC is located in Canton, OH, and the SBA lists its industry as Automobile and Other Motor Vehicle Merchant Wholesalers. It was approved for an SBA 504 loan ($4,975,000 SBA portion) on October 5, 2023 to finance real estate or equipment.
SBA 504 loan, approved Oct 5, 2023
- SBA (CDC) portion
- $4,975,000
- Bank portion
- $17,850,241
- Estimated project size
- $25,361,379 (estimated)
- Estimated owner equity
- $2,536,138 (estimated, about 10% of the project)
- Bank lender
- WesBanco Bank, Inc., Wheeling, WV
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 5, 2048 (estimated, approval date plus term)
- First disbursement
- Sep 16, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 26
- Business type
- LLC or partnership
- NAICS
- 423110, Automobile and Other Motor Vehicle Merchant Wholesalers
- Franchise
- Freightliner Trucks - Dealer Sales and Service Agreement
- Project location
- Stark County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-7
- Collateral
- Yes
Estimated share of project by source
Bank 70% SBA (CDC) 20% Owner 10%
- Average expansion loan in Automobile and Other Motor Vehicle Merchant Wholesalers: $2,371,889.
- 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.
Is this your company? Claim or correct this listing. See Corrections.