Main Street Registry

Kalix River Holdings Inc.

Signal Hill, CA · Automobile and Other Motor Vehicle Merchant Wholesalers · NAICS 423110

Kalix River Holdings Inc. is located in Signal Hill, California, and operates in automobile and other motor vehicle merchant wholesaling. The company was financed with two SBA 7(a) loans for a change of ownership, totaling $5.0 million in loan amounts: $500,000 and $4.5 million, approved by Live Oak Banking Company on October 28, 2024 and October 29, 2024, respectively.

SBA 7(a) loan, change of ownership, approved Oct 29, 2024

$4,500,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,500,000
SBA-guaranteed amount
$3,375,000 (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
8.5%, variable
Term
10 years (120 months)
Estimated maturity
October 29, 2034 (estimated, approval date plus term)
Estimated monthly payment
$55,794 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 5, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
423110, Automobile and Other Motor Vehicle Merchant Wholesalers
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-47
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Average acquisition loan in Automobile and Other Motor Vehicle Merchant Wholesalers: $1,444,657.
  • Average acquisition loan in California: $1,688,228.

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.

SBA 7(a) loan, change of ownership, approved Oct 28, 2024

$500,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$500,000
SBA-guaranteed amount
$250,000 (50% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
Initial interest rate
8.5%, variable
Term
10 years (120 months)
Estimated maturity
October 28, 2034 (estimated, approval date plus term)
Estimated monthly payment
$6,199 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 5, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
423110, Automobile and Other Motor Vehicle Merchant Wholesalers
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-47
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
Yes
  • Average acquisition loan in Automobile and Other Motor Vehicle Merchant Wholesalers: $1,444,657.
  • Average acquisition loan in California: $1,688,228.

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 California