PPK RE Holdings LLC
PPK RE Holdings LLC is a paint and coating manufacturing business located in Wichita, Kansas. The company was financed with an SBA 7(a) loan for a change of ownership of $882,400, approved on April 14, 2024, through Elevate Bank National Association.
SBA 7(a) loan, change of ownership, approved Apr 14, 2024
$882,400 approvedLender: Elevate Bank National Association25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $882,400
- SBA-guaranteed amount
- $661,800 (75% of the approval)
- Lender
- Elevate Bank National Association, Sedan, KS
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- April 14, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $8,331 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 24, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 325510, Paint and Coating Manufacturing
- Project location
- Sedgwick County, KS
- SBA district office
- Wichita District Office
- Congressional district
- KS-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Paint and Coating Manufacturing: $1,885,557.
- Average acquisition loan in Kansas: $1,491,022.
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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