7 Kitchen & Bath, Inc.
7 Kitchen & Bath, Inc. is located in Loxley, AL, and the SBA lists its industry as Residential Remodelers. It was approved for an SBA 7(a) loan of $2,985,400 for a change of ownership on September 15, 2025.
SBA 7(a) loan, change of ownership, approved Sep 15, 2025
- Gross approval
- $2,985,400
- SBA-guaranteed amount
- $2,239,050 (75% of the approval)
- Lender
- 22nd State Bank, A Division of 22nd State Banking Company, Mobile, AL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 15, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $26,083 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 18
- Business type
- Corporation
- NAICS
- 236118, Residential Remodelers
- Project location
- Baldwin County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 89% of acquisition loans in Residential Remodelers on this site.
- Average acquisition loan in Residential Remodelers: $1,623,835.
- Average acquisition loan in Alabama: $1,764,717.
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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