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Adsit Business Solutions Inc.

Knoxville, TN · Full-Service Restaurants · NAICS 722511

Adsit Business Solutions Inc. is a full-service restaurant in Knoxville, Tennessee, classified under NAICS code 722511. The company was financed with an SBA 7(a) loan for a change of ownership of $541,500, approved on December 3, 2025, through Old National Bank.

SBA 7(a) loan, change of ownership, approved Dec 3, 2025

$541,500 approvedLender: Old National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$541,500
SBA-guaranteed amount
$406,125 (75% of the approval)
Lender
Old National Bank, Evansville, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.29%, fixed
Term
10 years (120 months)
Estimated maturity
December 3, 2035 (estimated, approval date plus term)
Estimated monthly payment
$6,653 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 30, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Knox County, TN
SBA district office
Tennessee District Office
Congressional district
TN-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 9% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Tennessee: $1,738,925.

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 Tennessee