Main Street Registry

Kennon Industries, Inc.

Panama City, FL · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Kennon Industries, Inc. is located in Panama City, FL, and the SBA lists its industry as Plumbing, Heating, and Air-Conditioning Contractors. It was approved for an SBA 7(a) loan of $792,000 for a change of ownership on September 19, 2024.

SBA 7(a) loan, change of ownership, approved Sep 19, 2024

Gross approval
$792,000
SBA-guaranteed amount
$594,000 (75% of the approval)
Lender
First Federal Bank, Lake City, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.99%, fixed
Term
14 years (168 months)
Estimated maturity
September 19, 2038 (estimated, approval date plus term)
Estimated monthly payment
$8,303 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 27, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Bay County, FL
SBA district office
North Florida District Office
Congressional district
FL-02
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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 Florida