K&F Retail Management LLC
K&F Retail Management LLC is a used merchandise retailer in Baton Rouge, Louisiana, classified under NAICS code 459510 (Used Merchandise Retailers). The business was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,043,700, approved by Citizens Bank on October 10, 2024.
SBA 7(a) loan, change of ownership, approved Oct 10, 2024
$1,043,700 approvedLender: Citizens Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,043,700
- SBA-guaranteed amount
- $782,775 (75% of the approval)
- Lender
- Citizens Bank, Elizabethton, TN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 10, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $14,230 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 18, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 459510, Used Merchandise Retailers
- Franchise
- Once Upon A Child
- Project location
- East Baton Rouge County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 40% of acquisition loans in Used Merchandise Retailers on this site.
- Average acquisition loan in Used Merchandise Retailers: $1,216,780.
- Average acquisition loan in Louisiana: $1,702,056.
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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