Main Street Registry

AKH Paul Leaf & Bean Coffee Company, Inc.

Rochester, NY · Limited-Service Restaurants · NAICS 722513

AKH Paul Leaf & Bean Coffee Company, Inc. is a limited-service restaurant in Rochester, New York, in the Limited-Service Restaurants industry. The business was financed with an SBA 7(a) loan for a change of ownership of $720,000, approved on April 12, 2024 by Manufacturers and Traders Trust Company.

SBA 7(a) loan, change of ownership, approved Apr 12, 2024

$720,000 approvedLender: Manufacturers and Traders Trust Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$720,000
SBA-guaranteed amount
$540,000 (75% of the approval)
Lender
Manufacturers and Traders Trust Company, Buffalo, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
April 12, 2034 (estimated, approval date plus term)
Estimated monthly payment
$9,317 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 22, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
28
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Monroe County, NY
SBA district office
Buffalo District Office
Congressional district
NY-25
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 32% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • Average acquisition loan in New York: $1,771,512.

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 New York