King Pest Solutions LLC
King Pest Solutions LLC is located in Grand Junction, CO, and the SBA lists its industry as Exterminating and Pest Control Services. It was approved for an SBA 7(a) loan of $518,000 for a change of ownership on June 4, 2024.
SBA 7(a) loan, change of ownership, approved Jun 4, 2024
- Gross approval
- $518,000
- SBA-guaranteed amount
- $388,500 (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
- 10 years (120 months)
- Estimated maturity
- June 4, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,209 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 561710, Exterminating and Pest Control Services
- Project location
- Mesa County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 4% of acquisition loans in Exterminating and Pest Control Services on this site.
- Average acquisition loan in Exterminating and Pest Control Services: $1,381,596.
- Average acquisition loan in Colorado: $1,608,658.
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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