Main Street Registry

Dairy Queen Grill & Chill

Terre Haute, IN · Limited-Service Restaurants · NAICS 722513

Dairy Queen Grill & Chill is a limited-service restaurant business in Terre Haute, Indiana, operating in the industry described as Limited-Service Restaurants. The company was financed with an SBA 7(a) loan for a change of ownership of $1,075,000, approved on February 3, 2024 by Live Oak Banking Company.

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

$1,075,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,075,000
SBA-guaranteed amount
$806,250 (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
9.95%, fixed
Term
10 years (120 months)
Estimated maturity
February 3, 2034 (estimated, approval date plus term)
Estimated monthly payment
$14,176 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 9, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
30
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Vigo County, IN
SBA district office
Indiana District Office
Congressional district
IN-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 54% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • Average acquisition loan in Indiana: $1,995,900.

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 Indiana