Category: Real Estate
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Paycheck Protection Program(PPP) Loan by June 30, 2020
Paycheck Protection Program (PPP) An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. Content Program Overview Who Can Apply How to Apply Loan Details and Forgiveness Other Assistance US Treasury’s Care Act site Recommended* Program Overview The Paycheck Protection Program is a loan designed to provide a direct incentive…
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Small Business Relief in the CARES Act(Not passed yet)
https://www.natlawreview.com/article/small-business-relief-cares-act * You may read an original article by clicking the link above. Again, this bill is not passed yet as of March 25, 2020. Tuesday, March 24, 2020 The Coronavirus Aid, Relief, and Economic Security (CARES) Act is currently under negotiation in the US Senate. As written, the CARES Act would provide significant relief…
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May 2019 Closing – Best Western Plus Hotel
John Kim Financial closed Best Western Plus Hotel at Birmingham, Alabama in late May. We advised the buyers for the transaction and ultimately financed 85% of the costs including the purchase money and improvements. Congratulations to the first time hotel buyers and for a closer look at this wonderful location, check out their video below.…
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January 2019 Closing- Gas Station, Poultry Farm, Private loans
John Kim Financial advised to close $2.7M SBA loan when a borrower acquired a gas station property and business in northeast Georgia for $3.1M. Before contacting us, a borrower had approached his bank that promised to offer this loan, but his loan request was rejected wasting him a couple of month already. John Kim Financial…
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August 2017 Closing: 18-House Poultry Farm Acquisition
John Kim Financial has closed a poultry farm acquisition in late August for a client who is new to the farm business. The farm acquired is a 18-house broiler farm located in South Carolina, which is one of the biggest farms operated and integrated by Fieldale Farms Corporation. Our team has worked with a seller, its…
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Novemeber 2016 Closing – Twisted Taco
In early November 2016, John Kim Financial advised to fund $2M SBA loan to a Twisted Taco franchisee when this business purchases two restaurant buildings and new restaurant opening in Fayetteville and Alpharetta, Georgia. Twisted Taco is one of Atlanta’s hottest destinations for the best tacos north of the border. The original location was located…
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September 2016 Closing – Dental Office Building
John Kim Financial advised a dental office in Decatur, Georgia to fund a $2.3M SBA loan, when it acquired a 16,000 sq.ft medical office building for $2.1M and refinanced existing business debts in September 2016. The property was a bank REO, and the seller pushed to close in 45 days to get…
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July 2016 Closings – Poultry Farm Purchase Loans and More for Purchases and New Farm Construction
In July and August, John Kim Financial has been working with poultry farmers and new farmers. We have closed two poultry farm purchase loans to new farmers in July and early August. Both are chicken grower farms located in south Georgia nearby Macon and Columbus Georgia. One farm has 6 houses for…
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Poultry Farm Lending
We offer SBA and commercial financing options to the Poultry Farmers. Financing is available for new poultry house construction, expansion of existing facilities, refinancing of current debt and land purchases. Loan amounts up to $5,000,000 Financing up to 90% LTC or LTV No balloon payments Loan terms up to 25 years with…
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June 2016 Closing: Construction Loan
John Kim Financial secured a $1.65M SBA loan for a 12,000 sq.ft strip retail center development in McDonough, Georgia for a beauty salon and spa retailer. This client found an opportunity in a fast growing suburban city to expand her business but could not find a lease space. This client acquired a 1.5-acre vacant…
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