Jenstar Asphalt Inc

3003 E 15th Pl, Gary, IN 46403 · Asphalt Paving Mixture and Block Manufacturing (NAICS 324121)

Loan Summary

Source: SBA FOIA Loan-Level Data

Total Loans

4

Total Amount

$2.5M

Jobs Supported

21

Years Active

2017–2023

Loan History (4)

Source: SBA FOIA
7(a)$517,900
Exempt
Approved
May 23, 2023 (FY2023)
SBA Guaranteed
$388,425 (75%)
Term
76 months (6.3 yrs)
Interest Rate
9.75%
Revolver
0
Jobs Supported
6
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Asphalt Paving Mixture and Block Manufacturing (NAICS 324121)

Lender

1st Source Bank

100 N Michigan St, South Bend, IN 46601

Project Location

Lake County, IN

504$228,000
Exempt
Approved
Oct 11, 2022 (FY2023)
Term
240 months (20.0 yrs)
Jobs Supported
1
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Asphalt Paving Mixture and Block Manufacturing (NAICS 324121)

Lender

1st Source Bank

Certified Development Company (CDC)

Regional Development Company

1757 Thornapple Circle, Valparaiso, IN 46385

Third-Party Lender

1st Source Bank · South Bend, IN

Project Location

Lake County, IN

7(a)$300,000
Paid in Full
Approved
Jan 16, 2020 (FY2020)
SBA Guaranteed
$150,000 (50%)
Term
38 months (3.2 yrs)
Interest Rate
6.25%
Revolver
1
Jobs Supported
6
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Asphalt Paving Mixture and Block Manufacturing (NAICS 324121)
Paid in Full
Jan 31, 2023

Lender

1st Source Bank

100 N Michigan St, South Bend, IN 46601

Project Location

Lake County, IN

504$1,486,000
Exempt
Approved
Sep 8, 2017 (FY2017)
Term
240 months (20.0 yrs)
Jobs Supported
8
Business Type
Corporation
Industry
Asphalt Paving Mixture and Block Manufacturing (NAICS 324121)

Lender

1st Source Bank

Certified Development Company (CDC)

Regional Development Company

1757 Thornapple Circle, Valparaiso, IN 46385

Third-Party Lender

1st Source Bank · South Bend, IN

Project Location

Lake County, IN

Business Details

Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
NAICS Code
324121 Asphalt Paving Mixture and Block Manufacturing
Address
3003 E 15th Pl
Gary, IN 46403

Lender

1st Source Bank
100 N Michigan St, South Bend, IN 46601

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