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E & J Hospitality, Inc.

Richland, WA · Full-Service Restaurants · NAICS 722511

E & J Hospitality, Inc. is a full-service restaurant business located in Richland, Washington, classified under NAICS code 722511. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,008,000, approved by Washington Trust Bank on June 20, 2025.

SBA 7(a) loan, change of ownership, approved Jun 20, 2025

$1,008,000 approvedLender: Washington Trust Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,008,000
SBA-guaranteed amount
$756,000 (75% of the approval)
Lender
Washington Trust Bank, Spokane, WA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
10 years (120 months)
Estimated maturity
June 20, 2035 (estimated, approval date plus term)
Estimated monthly payment
$12,498 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 3, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
39
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Franchise
Denny's
Project location
Benton County, WA
SBA district office
Seattle District Office
Congressional district
WA-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 54% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Washington: $1,784,595.

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 Washington