Club K9 Retreat, LLC
Club K9 Retreat, LLC is a pet care services business (NAICS 812910, Pet Care except Veterinary Services) located in Boones Mill, Virginia. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,000,000, approved on May 24, 2024 by First-Citizens Bank & Trust Company.
SBA 7(a) loan, change of ownership, approved May 24, 2024
$1,000,000 approvedLender: First-Citizens Bank & Trust Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,000,000
- SBA-guaranteed amount
- $750,000 (75% of the approval)
- Lender
- First-Citizens Bank & Trust Company, Raleigh, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.35%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- May 24, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $7,293 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 812910, Pet Care (except Veterinary) Services
- Project location
- Roanoke County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 50% of acquisition loans in Pet Care (except Veterinary) Services on this site.
- Average acquisition loan in Pet Care (except Veterinary) Services: $1,325,264.
- Average acquisition loan in Virginia: $1,860,760.
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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