Kelleytown Stables LLC
Kelleytown Stables LLC is a business in McDonough, Georgia, in the support activities for animal production industry (NAICS 115210). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,050,000, approved on March 8, 2024, through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Mar 8, 2024
$1,050,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,050,000
- SBA-guaranteed amount
- $787,500 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- March 8, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $9,357 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 115210, Support Activities for Animal Production
- Project location
- Henry County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Support Activities for Animal Production: $2,364,625.
- Average acquisition loan in Georgia: $2,017,638.
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.