Kingsview Newco LLC
Kingsview Newco LLC is located in Raleigh, NC, and the SBA lists its industry as Investment Advice. It was approved for an SBA 7(a) loan of $999,000 for a change of ownership on June 21, 2024.
SBA 7(a) loan, change of ownership, approved Jun 21, 2024
- Gross approval
- $999,000
- SBA-guaranteed amount
- $749,250 (75% of the approval)
- Lender
- The Fidelity Bank, Fuquay Varina, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 21, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,761 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 28, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 523930, Investment Advice
- Project location
- Wake County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Investment Advice: $999,000.
- Average acquisition loan in North Carolina: $1,952,444.
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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