Main Street Registry

Baldies Lakeville LLC

Lakeville, MA · Full-Service Restaurants · NAICS 722511

Baldies Lakeville LLC is a full-service restaurant business in Lakeville, Massachusetts, classified under NAICS 722511. The company was financed with an SBA 7(a) loan for a change of ownership of $1.05 million, approved on March 19, 2024, through Rockland Trust Company.

SBA 7(a) loan, change of ownership, approved Mar 19, 2024

$1,050,000 approvedLender: Rockland Trust Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,050,000
SBA-guaranteed amount
$787,500 (75% of the approval)
Lender
Rockland Trust Company, Rockland, MA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.25%, fixed
Term
10 years (120 months)
Estimated maturity
March 19, 2034 (estimated, approval date plus term)
Estimated monthly payment
$12,327 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
28
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Plymouth County, MA
SBA district office
Massachusetts District Office
Congressional district
MA-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 54% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Massachusetts: $1,643,977.

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 Massachusetts