Main Street Registry

LV PSK Investment Inc

Longview, TX · Full-Service Restaurants · NAICS 722511

LV PSK Investment Inc is a full-service restaurant located in Longview, Texas. The business was financed with an SBA 7(a) loan for a change of ownership totaling $1 million, approved on December 9, 2024 by lender PCB Bank.

SBA 7(a) loan, change of ownership, approved Dec 9, 2024

$1,000,000 approvedLender: PCB Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,000,000
SBA-guaranteed amount
$750,000 (75% of the approval)
Lender
PCB Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
December 9, 2049 (estimated, approval date plus term)
Estimated monthly payment
$8,052 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 9, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Gregg County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 51% 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