Whitman Holding Enterprises, LLC
Whitman Holding Enterprises, LLC, located in Independence, KY, operates in the lessors of nonfinancial intangible assets industry (NAICS 533110). The business was financed with an SBA 7(a) loan for a change of ownership of $5,000,000, approved by Heritage Bank Inc on March 7, 2025.
SBA 7(a) loan, change of ownership, approved Mar 7, 2025
$5,000,000 approvedLender: Heritage Bank Inc10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- Heritage Bank Inc, Burlington, KY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 7, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $64,699 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 533110, Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
- Project location
- Kenton County, KY
- SBA district office
- Kentucky District Office
- Congressional district
- KY-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Lessors of Nonfinancial Intangible Assets (except Copyrighted Works): $2,343,633.
- Average acquisition loan in Kentucky: $1,988,993.
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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