KVP Holdings LLC
KVP Holdings LLC is a residential remodeling business in New Market, Virginia, classified under the NAICS industry for residential remodelers. The company was financed with an SBA 7(a) loan for a change of ownership of $2.65 million from The Huntington National Bank, with approval dated November 5, 2024.
SBA 7(a) loan, change of ownership, approved Nov 5, 2024
$2,648,000 approvedLender: The Huntington National Bank16 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,648,000
- SBA-guaranteed amount
- $1,986,000 (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
- 7.9%, fixed
- Term
- 16 years (192 months)
- Estimated maturity
- November 5, 2040 (estimated, approval date plus term)
- Estimated monthly payment
- $24,337 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 20, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 236118, Residential Remodelers
- Project location
- Shenandoah County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 80% of acquisition loans in Residential Remodelers on this site.
- Average acquisition loan in Residential Remodelers: $1,623,835.
- Average acquisition loan in Virginia: $1,860,760.
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 Virginia
- Garage Design Source Inc., Sterling
- McMurray Builders, Inc., Alexandria