Grounds Bakery & Cafe LLC
Grounds Bakery & Cafe LLC is located in Buford, GA, and the SBA lists its industry as Snack and Nonalcoholic Beverage Bars. It was approved for an SBA 7(a) loan of $1,240,000 for a change of ownership on January 14, 2026.
SBA 7(a) loan, change of ownership, approved Jan 14, 2026
- Gross approval
- $1,240,000
- SBA-guaranteed amount
- $930,000 (75% of the approval)
- Lender
- Hanmi Bank, Los Angeles, 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
- January 14, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $9,366 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 27, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 32
- Business type
- Corporation
- NAICS
- 722515, Snack and Nonalcoholic Beverage Bars
- Project location
- Gwinnett County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 76% 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 Georgia: $2,017,638.
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 Georgia
- Banh Mi 135 LLC, Norcross
- Planet Smoothie, Newnan