Main Street Registry

The Garage Bar and Restaurant Inc

Bremerton, WA · Full-Service Restaurants · NAICS 722511

The Garage Bar and Restaurant Inc is a full-service restaurant business located in Bremerton, WA, in the Full-Service Restaurants industry (NAICS 722511). The business was financed with an SBA 7(a) loan for a change of ownership totaling $2,015,000, with an approval date of September 25, 2026, through US Metro Bank.

SBA 7(a) loan, change of ownership, approved Sep 25, 2026

$2,015,000 approvedLender: US Metro Bank25 years termCommitted, not fully disbursedLoan details
Gross approval
$2,015,000
SBA-guaranteed amount
$1,511,250 (75% of the approval)
Lender
US Metro Bank, Garden Grove, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, variable
Term
25 years (300 months)
Estimated maturity
September 25, 2051 (estimated, approval date plus term)
Estimated monthly payment
$15,220 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
30
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Kitsap County, WA
SBA district office
Seattle District Office
Congressional district
WA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 84% 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Washington