Main Street Registry

Cook & Carpenter Restaurant, LLC

Strasburg, PA · Full-Service Restaurants · NAICS 722511

Cook & Carpenter Restaurant, LLC in Strasburg, PA is a full-service restaurant business. The company was financed with an SBA 7(a) loan for a change of ownership of $924,000, approved September 26, 2024 by Beacon Bank and Trust.

SBA 7(a) loan, change of ownership, approved Sep 26, 2024

$924,000 approvedLender: Beacon Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$924,000
SBA-guaranteed amount
$693,000 (75% of the approval)
Lender
Beacon Bank and Trust, Brookline, MA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
September 26, 2034 (estimated, approval date plus term)
Estimated monthly payment
$12,339 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Lancaster County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 44% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Pennsylvania: $1,636,965.

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 Pennsylvania