Main Street Registry

Kim Huy & Sun LLC

Cleveland, TX · Limited-Service Restaurants · NAICS 722513

Kim Huy & Sun LLC, located in Cleveland, Texas, operates in the limited-service restaurants industry (NAICS 722513). The company was financed with an SBA 7(a) loan for a change of ownership of $1.768 million, approved on April 2, 2025 by FFB Bank.

SBA 7(a) loan, change of ownership, approved Apr 2, 2025

$1,768,000 approvedLender: FFB Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,768,000
SBA-guaranteed amount
$1,326,000 (75% of the approval)
Lender
FFB Bank, Fresno, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
April 2, 2050 (estimated, approval date plus term)
Estimated monthly payment
$15,447 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 9, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Liberty County, TX
SBA district office
Houston District Office
Congressional district
TX-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 79% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • Average acquisition loan in Texas: $1,944,682.

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 Texas