Main Street Registry

Mitchel James Hospitality

Richardson, TX · Limited-Service Restaurants · NAICS 722513

Mitchel James Hospitality is a limited-service restaurant business located in Richardson, Texas, operating in the limited-service restaurants industry. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1.2 million, approved on August 11, 2025, by The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Aug 11, 2025

$1,200,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,200,000
SBA-guaranteed amount
$900,000 (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
10.25%, variable
Term
10 years (120 months)
Estimated maturity
August 11, 2035 (estimated, approval date plus term)
Estimated monthly payment
$16,025 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 4, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
136
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Dallas County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 60% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • 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