3K Capital Partners
3K Capital Partners is located in Tustin, CA, and the SBA lists its industry as Exam Preparation and Tutoring. It was approved for an SBA 7(a) loan of $951,300 for a change of ownership on February 27, 2024.
SBA 7(a) loan, change of ownership, approved Feb 27, 2024
- Gross approval
- $951,300
- SBA-guaranteed amount
- $713,475 (75% of the approval)
- Lender
- Gulf Coast Bank and Trust Company, New Orleans, LA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 27, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $12,571 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 5, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 24
- Business type
- Corporation
- NAICS
- 611691, Exam Preparation and Tutoring
- Franchise
- Kumon
- Project location
- Orange County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-45
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Exam Preparation and Tutoring: $1,485,000.
- Average acquisition loan in California: $1,688,228.
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.
Same industry in California
- LJ3 Inc, Los Alamitos
- Obah Education LLC, Roseville