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Cypress Rundown LLC.

Kennesaw, GA · Limited-Service Restaurants · NAICS 722513

Cypress Rundown LLC. is a limited-service restaurant business in Kennesaw, Georgia, classified under NAICS code 722513. It was financed with an SBA 7(a) loan for a change of ownership of $644,000, approved by PNC Bank, National Association on March 30, 2024, and the business is listed as a franchise (Golden Krust Caribbean Bakery & Grill).

SBA 7(a) loan, change of ownership, approved Mar 30, 2024

$644,000 approvedLender: PNC Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$644,000
SBA-guaranteed amount
$483,000 (75% of the approval)
Lender
PNC Bank, National Association, Wilmington, DE
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.13%, fixed
Term
10 years (120 months)
Estimated maturity
March 30, 2034 (estimated, approval date plus term)
Estimated monthly payment
$8,203 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
12
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Franchise
Golden Krust Caribbean Bakery & Grill
Project location
Cobb County, GA
SBA district office
Georgia District Office
Congressional district
GA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 22% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • 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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Same industry in Georgia