Kenco Products LLC
Kenco Products LLC is located in Pinellas Park, FL, and the SBA lists its industry as Other Building Material Dealers. It was approved for an SBA 7(a) loan of $2,777,000 for a change of ownership on February 5, 2025.
SBA 7(a) loan, change of ownership, approved Feb 5, 2025
- Gross approval
- $2,777,000
- SBA-guaranteed amount
- $2,082,750 (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
- 8.85%, variable
- Term
- 15 years (180 months)
- Estimated maturity
- February 5, 2040 (estimated, approval date plus term)
- Estimated monthly payment
- $27,919 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 444180, Other Building Material Dealers
- Project location
- Pinellas County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 74% of acquisition loans in Other Building Material Dealers on this site.
- Average acquisition loan in Other Building Material Dealers: $1,898,107.
- Average acquisition loan in Florida: $1,808,559.
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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