Main Street Registry

Anthony's Pizzeria, Inc.

North Wales, PA · Full-Service Restaurants · NAICS 722511

Anthony's Pizzeria, Inc. is a full-service restaurant located in North Wales, Pennsylvania. The business was financed with an SBA 7(a) loan for a change of ownership of $1.35 million from Ambler Savings Bank, approved on September 24, 2024.

SBA 7(a) loan, change of ownership, approved Sep 24, 2024

$1,350,000 approvedLender: Ambler Savings Bank306 months termStatus not reported (SBA exemption)Loan details
Gross approval
$1,350,000
SBA-guaranteed amount
$1,012,500 (75% of the approval)
Lender
Ambler Savings Bank, Ambler, PA
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10%, variable
Term
25 years, 6 months (306 months)
Estimated maturity
March 24, 2050 (estimated, approval date plus term)
Estimated monthly payment
$12,214 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 18, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Montgomery County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 68% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Pennsylvania: $1,636,965.

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 Pennsylvania