Main Street Registry

Gardner Family Ventures LLC

Molino, FL · Full-Service Restaurants · NAICS 722511

Gardner Family Ventures LLC, located in Molino, Florida, operates in the full-service restaurants industry (NAICS 722511). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,526,500, approved on September 27, 2024 by The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Sep 27, 2024

$1,526,500 approvedLender: The Huntington National Bank16 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,526,500
SBA-guaranteed amount
$1,144,875 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
16 years (192 months)
Estimated maturity
September 27, 2040 (estimated, approval date plus term)
Estimated monthly payment
$16,204 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 31, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
69
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Escambia County, FL
SBA district office
North Florida District Office
Congressional district
FL-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 73% 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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Same industry in Florida