Main Street Registry

Lainhart Restaurant Group LLC

Hamilton, OH · Limited-Service Restaurants · NAICS 722513

Lainhart Restaurant Group LLC is a limited-service restaurant business in Hamilton, Ohio, classified under NAICS code 722513. The company was financed with an SBA 7(a) loan for a change of ownership, with the loan amount of $590,000 approved by The Huntington National Bank on January 14, 2024.

SBA 7(a) loan, change of ownership, approved Jan 14, 2024

$590,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$590,000
SBA-guaranteed amount
$442,500 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
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 14, 2034 (estimated, approval date plus term)
Estimated monthly payment
$7,961 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 6, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
30
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Butler County, OH
SBA district office
Columbus District Office
Congressional district
OH-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 15% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • Average acquisition loan in Ohio: $1,840,340.

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 Ohio