Fisher Food Services LLC
Fisher Food Services LLC is a snack and nonalcoholic beverage bar located in Concord, North Carolina, operating as a Kona Ice franchise. The business was financed with an SBA 7(a) loan for a change of ownership of $568,500, approved through Citizens Bank with an approval date of September 18, 2026.
SBA 7(a) loan, change of ownership, approved Sep 18, 2026
$568,500 approvedLender: Citizens Bank122 months termCommitted, not fully disbursedLoan details
- Gross approval
- $568,500
- SBA-guaranteed amount
- $426,375 (75% of the approval)
- Lender
- Citizens Bank, Elizabethton, TN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years, 2 months (122 months)
- Estimated maturity
- November 18, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $7,284 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 722515, Snack and Nonalcoholic Beverage Bars
- Franchise
- Kona Ice
- Project location
- Cabarrus County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 18% of acquisition loans in Snack and Nonalcoholic Beverage Bars on this site.
- Average acquisition loan in Snack and Nonalcoholic Beverage Bars: $1,080,276.
- Average acquisition loan in North Carolina: $1,952,444.
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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