Kirpaa Investments Inc
Kirpaa Investments Inc is located in Franklin, Massachusetts, and is classified under the postal service industry (NAICS 491110). The company was financed with an SBA 7(a) loan for a change of ownership totaling $690,000, approved on March 26, 2024, through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Mar 26, 2024
$690,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $690,000
- SBA-guaranteed amount
- $517,500 (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
- 10 years (120 months)
- Estimated maturity
- March 26, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,023 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 22, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 491110, Postal Service
- Project location
- Norfolk County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Postal Service: $972,312.
- Average acquisition loan in Massachusetts: $1,643,977.
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.
Same industry in Massachusetts
- MV Box Company, Vineyard Haven