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Brownsville Pizza, LLC

Mc Kenzie, TN · Full-Service Restaurants · NAICS 722511

Brownsville Pizza, LLC is a full-service restaurant business located in Mc Kenzie, Tennessee, classified under NAICS code 722511 (Full-Service Restaurants). The company was financed with an SBA 7(a) loan for a change of ownership of $986,000, approved on May 13, 2024, by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved May 13, 2024

$986,000 approvedLender: Live Oak Banking Company10 years termPaid in fullLoan details
Gross approval
$986,000
SBA-guaranteed amount
$739,500 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.3%, variable
Term
10 years (120 months)
Estimated maturity
May 13, 2034 (estimated, approval date plus term)
Estimated monthly payment
$12,651 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 20, 2024
Loan status
Paid in full
Jobs supported
25
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Carroll County, TN
SBA district office
Tennessee District Office
Congressional district
TN-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 50% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Tennessee: $1,738,925.

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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