Kanthi Restaurant Group LLC
Kanthi Restaurant Group LLC is located in Yukon, OK, and the SBA lists its industry as Limited-Service Restaurants. It was approved for an SBA 7(a) loan of $1,479,000 for a change of ownership on August 27, 2024.
SBA 7(a) loan, change of ownership, approved Aug 27, 2024
- Gross approval
- $1,479,000
- SBA-guaranteed amount
- $1,109,250 (75% of the approval)
- Lender
- BancFirst, Oklahoma City, OK
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 27, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $19,138 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 19
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Franchise
- Schlotzsky's
- Project location
- Canadian County, OK
- SBA district office
- Oklahoma District Office
- Congressional district
- OK-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 72% of acquisition loans in Limited-Service Restaurants on this site.
- Average acquisition loan in Limited-Service Restaurants: $1,303,660.
- Average acquisition loan in Oklahoma: $1,861,759.
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 Oklahoma
- RVJ Pizza, LLC, Ardmore