Main Street Registry

Kmj Heritage, Inc

Woodinville, WA · General Automotive Repair · NAICS 811111

Kmj Heritage, Inc, located in Woodinville, WA, is a general automotive repair business classified under NAICS 811111. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $863,000, approved by KeyBank National Association on February 23, 2024.

SBA 7(a) loan, change of ownership, approved Feb 23, 2024

$863,000 approvedLender: KeyBank National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$863,000
SBA-guaranteed amount
$647,250 (75% of the approval)
Lender
KeyBank National Association, Cleveland, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
February 23, 2034 (estimated, approval date plus term)
Estimated monthly payment
$11,645 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 7, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
King County, WA
SBA district office
Seattle District Office
Congressional district
WA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 35% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in Washington: $1,784,595.

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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Same industry in Washington