Kingsley Enterprises, Inc.
Kingsley Enterprises, Inc. is a caterer based in Louisville, Kentucky, with NAICS code 722320. The company was financed with an SBA 7(a) loan for a change of ownership totaling $659,000, approved on February 13, 2024 by Republic Bank & Trust Company.
SBA 7(a) loan, change of ownership, approved Feb 13, 2024
$659,000 approvedLender: Republic Bank & Trust Company10 years termPaid in fullLoan details
- Gross approval
- $659,000
- SBA-guaranteed amount
- $494,250 (75% of the approval)
- Lender
- Republic Bank & Trust Company, Louisville, KY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.6%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- February 13, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,206 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 1, 2024
- Loan status
- Paid in full
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 722320, Caterers
- Project location
- Jefferson County, KY
- SBA district office
- Kentucky District Office
- Congressional district
- KY-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 9% of acquisition loans in Caterers on this site.
- Average acquisition loan in Caterers: $2,164,405.
- Average acquisition loan in Kentucky: $1,988,993.
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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