Kandle Dining Services, Inc.
Kandle Dining Services, Inc. is located in Independence, KY, and the SBA lists its industry as Food Service Contractors. It was approved for an SBA 7(a) loan of $750,000 for a change of ownership on June 18, 2024. This registry lists 3 loans for the company.
SBA 7(a) loan, change of ownership, approved Jun 18, 2024
- Gross approval
- $750,000
- SBA-guaranteed amount
- $562,500 (75% of the approval)
- Lender
- Stock Yards Bank & Trust Company, Louisville, KY
- Processing method
- Seasonal CAPLine
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 18, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,911 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 27, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 27
- Business type
- Corporation
- NAICS
- 722310, Food Service Contractors
- Project location
- Kenton County, KY
- SBA district office
- Kentucky District Office
- Congressional district
- KY-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in Food Service Contractors: $1,394,322.
- Average acquisition loan in Kentucky: $1,988,993.
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 Jan 8, 2024
- Gross approval
- $2,713,400
- SBA-guaranteed amount
- $2,035,050 (75% of the approval)
- Lender
- Stock Yards Bank & Trust Company, Louisville, KY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, fixed
- Term
- 7 years (84 months)
- Estimated maturity
- January 8, 2031 (estimated, approval date plus term)
- Estimated monthly payment
- $41,619 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 27
- Business type
- Corporation
- NAICS
- 722310, Food Service Contractors
- Project location
- Kenton County, KY
- SBA district office
- Kentucky District Office
- Congressional district
- KY-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Food Service Contractors: $1,394,322.
- Average acquisition loan in Kentucky: $1,988,993.
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 Jan 8, 2024
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- Stock Yards Bank & Trust Company, Louisville, KY
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 8, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,608 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 27
- Business type
- Corporation
- NAICS
- 722310, Food Service Contractors
- Project location
- Kenton County, KY
- SBA district office
- Kentucky District Office
- Congressional district
- KY-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in Food Service Contractors: $1,394,322.
- Average acquisition loan in Kentucky: $1,988,993.
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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