Pennsylvania Knights LLC
Pennsylvania Knights LLC is a pet and pet supplies retailer located in Monroeville, PA, classified under NAICS code 459910. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $2.1 million, approved by Platinum Bank on June 21, 2024. The business is listed as a franchise, with the franchise brand shown as Petland/Safari Stan's.
SBA 7(a) loan, change of ownership, approved Jun 21, 2024
$2,100,000 approvedLender: Platinum Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,100,000
- SBA-guaranteed amount
- $1,575,000 (75% of the approval)
- Lender
- Platinum Bank, Oakdale, MN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 21, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $28,336 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 25, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 459910, Pet and Pet Supplies Retailers
- Franchise
- Petland/Safari Stan's
- Project location
- Allegheny County, PA
- SBA district office
- Pittsburgh District Office
- Congressional district
- PA-14
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 88% of acquisition loans in Pet and Pet Supplies Retailers on this site.
- Average acquisition loan in Pet and Pet Supplies Retailers: $1,298,400.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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