KEMNA RESTORATION & CONSTRUCTION INC dba KEMNA RESTORATION & CONSTRUCTION
KEMNA RESTORATION & CONSTRUCTION INC dba KEMNA RESTORATION & CONSTRUCTION is a masonry contractor located in Indianapolis, Indiana, classified under NAICS code 238140 (Masonry Contractors). The company was financed with an SBA 7(a) loan for a change of ownership of $1,597,000, approved on October 26, 2023 by First Internet Bank of Indiana.
SBA 7(a) loan, change of ownership, approved Oct 26, 2023
$1,597,000 approvedLender: First Internet Bank of Indiana102 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,597,000
- SBA-guaranteed amount
- $1,197,750 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 8 years, 6 months (102 months)
- Estimated maturity
- April 26, 2032 (estimated, approval date plus term)
- Estimated monthly payment
- $24,386 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 2, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 30
- Business type
- Corporation
- NAICS
- 238140, Masonry Contractors
- Project location
- Marion County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 55% of acquisition loans in Masonry Contractors on this site.
- Average acquisition loan in Masonry Contractors: $1,856,218.
- Average acquisition loan in Indiana: $1,995,900.
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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