Blue Plate LLC
Blue Plate LLC is located in Snellville, GA, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 7(a) loan of $1,444,000 for a change of ownership on March 14, 2025.
SBA 7(a) loan, change of ownership, approved Mar 14, 2025
- Gross approval
- $1,444,000
- SBA-guaranteed amount
- $1,083,000 (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
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 14, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $19,283 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 28, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 28
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Gwinnett County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 71% of acquisition loans in Full-Service Restaurants on this site.
- Average acquisition loan in Full-Service Restaurants: $1,319,601.
- Average acquisition loan in Georgia: $2,017,638.
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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