Main Street Registry

67 Coastal Group, Inc.

Pembroke, MA · Full-Service Restaurants · NAICS 722511

67 Coastal Group, Inc. is a full-service restaurant located in Pembroke, Massachusetts. The company was financed with an SBA 7(a) loan for a change of ownership of $1.9 million, approved on March 24, 2026, through The Cape Cod Five Cents Savings Bank.

SBA 7(a) loan, change of ownership, approved Mar 24, 2026

$1,854,900 approvedLender: The Cape Cod Five Cents Savings Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,854,900
SBA-guaranteed amount
$1,391,175 (75% of the approval)
Lender
The Cape Cod Five Cents Savings Bank, Hyannis, MA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, fixed
Term
10 years (120 months)
Estimated maturity
March 24, 2036 (estimated, approval date plus term)
Estimated monthly payment
$22,998 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 23, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
32
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Plymouth County, MA
SBA district office
Massachusetts District Office
Congressional district
MA-09
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 82% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Massachusetts: $1,643,977.

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 Massachusetts