Dillons Pub & Grill
Dillons Pub & Grill is located in Tavernier, FL, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 7(a) loan of $1,500,000 for a change of ownership on October 27, 2023.
SBA 7(a) loan, change of ownership, approved Oct 27, 2023
- Gross approval
- $1,500,000
- SBA-guaranteed amount
- $1,125,000 (75% of the approval)
- Lender
- SouthState Bank, National Association, Winter Haven, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 27, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $20,240 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 6, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 21
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Monroe County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-26
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 72% of acquisition loans in Full-Service Restaurants on this site.
- Average acquisition loan in Full-Service Restaurants: $1,319,601.
- Average acquisition loan in Florida: $1,808,559.
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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