Mammoth Rock 'n' Bowl
Mammoth Rock 'n' Bowl, located in Mammoth Lakes, California, operates in the limited-service restaurants industry (NAICS 722513). The business was financed with an SBA 7(a) loan for a change of ownership of $2.3 million, approved through Open Bank with a December 28, 2024 approval date.
SBA 7(a) loan, change of ownership, approved Dec 28, 2024
$2,302,000 approvedLender: Open Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,302,000
- SBA-guaranteed amount
- $1,726,500 (75% of the approval)
- Lender
- Open Bank, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 28, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $30,103 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 28, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 42
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Project location
- Mono County, CA
- SBA district office
- Fresno District Office
- Congressional district
- CA-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 88% of acquisition loans in Limited-Service Restaurants on this site.
- Average acquisition loan in Limited-Service Restaurants: $1,303,660.
- Average acquisition loan in California: $1,688,228.
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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