The Alley
The Alley is a snack and nonalcoholic beverage bar located in Honolulu, Hawaii, under NAICS code 722515. The business was financed with an SBA 7(a) loan for a change of ownership of $842,000, approved on February 17, 2024, by Celtic Bank Corporation. The loan is associated with a franchise named The Alley and reported 21 jobs.
SBA 7(a) loan, change of ownership, approved Feb 17, 2024
$842,000 approvedLender: Celtic Bank Corporation10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $842,000
- SBA-guaranteed amount
- $631,500 (75% of the approval)
- Lender
- Celtic Bank Corporation, Salt Lake City, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 17, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $11,838 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 27, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 21
- Business type
- Corporation
- NAICS
- 722515, Snack and Nonalcoholic Beverage Bars
- Franchise
- The Alley
- Project location
- Honolulu County, HI
- SBA district office
- Hawaii District Office
- Congressional district
- HI-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 51% of acquisition loans in Snack and Nonalcoholic Beverage Bars on this site.
- Average acquisition loan in Snack and Nonalcoholic Beverage Bars: $1,080,276.
- Average acquisition loan in Hawaii: $1,359,741.
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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