KBV Wholesalers, Inc
KBV Wholesalers, Inc is located in Mooresville, North Carolina, and operates in the Other Grocery and Related Products Merchant Wholesalers industry. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1.27 million, approved on March 11, 2024, through a partnership between JPMorgan Chase Bank, National Association and Carolina Business Capital, Inc.
SBA 504 loan, approved Mar 11, 2024
$1,270,000 SBA portionCDC: Carolina Business Capital, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,270,000
- Bank portion
- $1,530,000
- Estimated project size
- $3,111,111 (estimated)
- Estimated owner equity
- $311,111 (estimated, about 10% of the project)
- Bank lender
- JPMorgan Chase Bank, National Association, Columbus, OH
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- March 11, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 424490, Other Grocery and Related Products Merchant Wholesalers
- Project location
- Iredell County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-10
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 25% of expansion loans in Other Grocery and Related Products Merchant Wholesalers on this site.
- Average expansion loan in Other Grocery and Related Products Merchant Wholesalers: $2,831,667.
- Average expansion loan in North Carolina: $2,167,577.
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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