Main Street Registry

KEAS Investments LLC

Leesville, LA · Limited-Service Restaurants · NAICS 722513

KEAS Investments LLC is a limited-service restaurant business in Leesville, Louisiana, in the limited-service restaurants industry, and operates as a franchise under the Dairy Queen store agreement. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1.22 million approved on May 30, 2024 by Summit State Bank.

SBA 7(a) loan, change of ownership, approved May 30, 2024

$1,220,000 approvedLender: Summit State Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,220,000
SBA-guaranteed amount
$915,000 (75% of the approval)
Lender
Summit State Bank, Santa Rosa, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
25 years (300 months)
Estimated maturity
May 30, 2049 (estimated, approval date plus term)
Estimated monthly payment
$11,302 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 1, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
18
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Franchise
Dairy Queen - Store Agreement (American Dairy Queen)
Project location
Vernon County, LA
SBA district office
Louisiana District Office
Congressional district
LA-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 61% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • Average acquisition loan in Louisiana: $1,702,056.

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 Louisiana