H&K Acquisition LLC
H&K Acquisition LLC is an automotive glass replacement shop located in Alamosa, Colorado, classified under NAICS code 811122. The company was financed with an SBA 7(a) loan for a change of ownership of $640,000, approved on May 21, 2024, through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved May 21, 2024
$640,000 approvedLender: Live Oak Banking Company18 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $640,000
- SBA-guaranteed amount
- $480,000 (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
- 10.5%, variable
- Term
- 18 years (216 months)
- Estimated maturity
- May 21, 2042 (estimated, approval date plus term)
- Estimated monthly payment
- $6,606 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 7, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 811122, Automotive Glass Replacement Shops
- Project location
- Alamosa County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 23% of acquisition loans in Automotive Glass Replacement Shops on this site.
- Average acquisition loan in Automotive Glass Replacement Shops: $1,116,585.
- Average acquisition loan in Colorado: $1,608,658.
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 Colorado
- Animas Valley Glass Works LLC, Durango