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KG&JZ Investments LLC

Ravensdale, WA · Convenience Retailers · NAICS 445131

KG&JZ Investments LLC is a convenience retailer located in Ravensdale, Washington, in the convenience retailers industry (NAICS 445131). The company was financed with an SBA 7(a) loan for a change of ownership of $1 million, approved on May 21, 2024, through Gesa CU.

SBA 7(a) loan, change of ownership, approved May 21, 2024

$1,000,000 approvedLender: Gesa CU299 months termStatus not reported (SBA exemption)Loan details
Gross approval
$1,000,000
SBA-guaranteed amount
$750,000 (75% of the approval)
Lender
Gesa CU, Richland, WA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
24 years, 11 months (299 months)
Estimated maturity
April 21, 2049 (estimated, approval date plus term)
Estimated monthly payment
$9,094 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 29, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
445131, Convenience Retailers
Project location
King County, WA
SBA district office
Seattle District Office
Congressional district
WA-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 59% of acquisition loans in Convenience Retailers on this site.
  • Average acquisition loan in Convenience Retailers: $1,185,102.
  • Average acquisition loan in Washington: $1,784,595.

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 Washington