Main Street Registry

Kobe Japanese Steak & Seafood House, Inc.

Stafford, VA · Full-Service Restaurants · NAICS 722511

Kobe Japanese Steak & Seafood House, Inc. is a full-service restaurant in Stafford, Virginia, classified under the NAICS code for full-service restaurants. The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $796,000 from Heritage Bank Inc, approved on November 1, 2024.

SBA 7(a) loan, change of ownership, approved Nov 1, 2024

$796,000 approvedLender: Heritage Bank Inc10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$796,000
SBA-guaranteed amount
$597,000 (75% of the approval)
Lender
Heritage Bank Inc, Burlington, KY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
November 1, 2034 (estimated, approval date plus term)
Estimated monthly payment
$10,853 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 18, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Stafford County, VA
SBA district office
Richmond District Office
Congressional district
VA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 35% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Virginia: $1,860,760.

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 Virginia