Main Street Registry

Bay Family Brunch 2 LLC

Wesley Chapel, FL · Full-Service Restaurants · NAICS 722511

Bay Family Brunch 2 LLC is a full-service restaurant in Wesley Chapel, Florida. The business was financed with an SBA 7(a) loan for a change of ownership of $1.25 million, approved on April 3, 2024, through The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Apr 3, 2024

$1,250,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,250,000
SBA-guaranteed amount
$937,500 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
April 3, 2034 (estimated, approval date plus term)
Estimated monthly payment
$16,867 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 10, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
18
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Pasco County, FL
SBA district office
South Florida District Office
Congressional district
FL-12
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 63% 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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