KGE Ventures, LLC
KGE Ventures, LLC is located in Murfreesboro, TN, and the SBA lists its industry as Elementary and Secondary Schools. It was approved for an SBA 7(a) loan of $665,000 for a change of ownership on March 26, 2024.
SBA 7(a) loan, change of ownership, approved Mar 26, 2024
- Gross approval
- $665,000
- SBA-guaranteed amount
- $498,750 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 26, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,067 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
- 9
- Business type
- Corporation
- NAICS
- 611110, Elementary and Secondary Schools
- Project location
- Rutherford County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 8% of acquisition loans in Elementary and Secondary Schools on this site.
- Average acquisition loan in Elementary and Secondary Schools: $1,451,500.
- Average acquisition loan in Tennessee: $1,738,925.
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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