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Bageland & More, Inc

Coral Springs, FL · Full-Service Restaurants · NAICS 722511

Bageland & More, Inc is a full-service restaurant business in Coral Springs, Florida, classified under NAICS code 722511. The business was financed with an SBA 7(a) loan for a change of ownership of $507,000 from Milestone Bank, with approval dated January 31, 2025.

SBA 7(a) loan, change of ownership, approved Jan 31, 2025

$507,000 approvedLender: Milestone Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$507,000
SBA-guaranteed amount
$380,250 (75% of the approval)
Lender
Milestone Bank, Salt Lake City, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
January 31, 2035 (estimated, approval date plus term)
Estimated monthly payment
$6,770 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 19, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Broward County, FL
SBA district office
South Florida District Office
Congressional district
FL-22
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 4% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Florida: $1,808,559.

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 Florida