Main Street Registry

LMG Hospitality LLC

San Angelo, TX · Full-Service Restaurants · NAICS 722511

LMG Hospitality LLC, located in San Angelo, Texas, operates in the full-service restaurants industry (NAICS 722511). The business was financed with an SBA 7(a) loan for a change of ownership of $685,000, approved on September 17, 2026 by Colony Bank.

SBA 7(a) loan, change of ownership, approved Sep 17, 2026

$685,000 approvedLender: Colony Bank10 years termCommitted, not fully disbursedLoan details
Gross approval
$685,000
SBA-guaranteed amount
$513,750 (75% of the approval)
Lender
Colony Bank, Fitzgerald, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
September 17, 2036 (estimated, approval date plus term)
Estimated monthly payment
$8,864 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
6
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Tom Green County, TX
SBA district office
San Antonio District Office
Congressional district
TX-11
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 24% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • 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