Main Street Registry

9292 Korean BBQ

Decatur, GA · Full-Service Restaurants · NAICS 722511

9292 Korean BBQ is a full-service restaurant business in Decatur, Georgia, in the full-service restaurants industry. The company was financed with an SBA 7(a) loan for a change of ownership of $875,000, approved on February 20, 2025, through Metro City Bank.

SBA 7(a) loan, change of ownership, approved Feb 20, 2025

$875,000 approvedLender: Metro City Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$875,000
SBA-guaranteed amount
$656,250 (75% of the approval)
Lender
Metro City Bank, Doraville, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
10 years (120 months)
Estimated maturity
February 20, 2035 (estimated, approval date plus term)
Estimated monthly payment
$11,084 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 13, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
29
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Dekalb County, GA
SBA district office
Georgia District Office
Congressional district
GA-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 40% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Georgia: $2,017,638.

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 Georgia