K&K Distributing LLC
K&K Distributing LLC is located in Northampton, Pennsylvania, and operates in poultry and poultry product merchant wholesaling. The company was financed with an SBA 7(a) loan for a change of ownership of $2.21 million, approved on January 15, 2025, by First National Bank of Pennsylvania. The loan was reported with 6 jobs.
SBA 7(a) loan, change of ownership, approved Jan 15, 2025
- Gross approval
- $2,210,000
- SBA-guaranteed amount
- $1,657,500 (75% of the approval)
- Lender
- First National Bank of Pennsylvania, Greenville, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 13 years, 10 months (166 months)
- Estimated maturity
- November 15, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $25,293 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 29, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 424440, Poultry and Poultry Product Merchant Wholesalers
- Project location
- Northampton County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Poultry and Poultry Product Merchant Wholesalers: $1,559,233.
- Average acquisition loan in Pennsylvania: $1,636,965.
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.
Is this your company? Claim or correct this listing. See Corrections.