Main Street Registry

Kravings Pizza & Ice Cream, LLC

Falmouth, MA · Full-Service Restaurants · NAICS 722511

Kravings Pizza & Ice Cream, LLC is a full-service restaurant located in Falmouth, Massachusetts. The business was financed with an SBA 7(a) loan for a change of ownership of $663,000, approved on January 21, 2025, through Northwest Bank.

SBA 7(a) loan, change of ownership, approved Jan 21, 2025

$663,000 approvedLender: Northwest Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$663,000
SBA-guaranteed amount
$497,250 (75% of the approval)
Lender
Northwest Bank, Warren, PA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
January 21, 2035 (estimated, approval date plus term)
Estimated monthly payment
$8,946 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 14, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
19
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Barnstable County, MA
SBA district office
Massachusetts District Office
Congressional district
MA-09
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 23% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Massachusetts: $1,643,977.

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 Massachusetts