S&k Services Incorporated
S&k Services Incorporated is a farm supplies merchant wholesaler in Corrales, New Mexico, under NAICS code 424910. The company was financed with an SBA 7(a) loan for a change of ownership of $1.62 million, approved on June 9, 2025, by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Jun 9, 2025
$1,618,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,618,000
- SBA-guaranteed amount
- $1,213,500 (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
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 9, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $20,061 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 1, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 424910, Farm Supplies Merchant Wholesalers
- Project location
- Bernalillo County, NM
- SBA district office
- New Mexico District Office
- Congressional district
- NM-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 58% of acquisition loans in Farm Supplies Merchant Wholesalers on this site.
- Average acquisition loan in Farm Supplies Merchant Wholesalers: $1,495,375.
- Average acquisition loan in New Mexico: $1,985,089.
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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