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Mojave Hospitality Partners LLC

Atlanta, GA · Full-Service Restaurants · NAICS 722511

Mojave Hospitality Partners LLC is a full-service restaurant business located in Atlanta, Georgia, classified under NAICS code 722511. It was financed with an SBA 7(a) loan for a change of ownership totaling $1,109,100, approved on March 27, 2024 through Citizens Bank.

SBA 7(a) loan, change of ownership, approved Mar 27, 2024

$1,109,100 approvedLender: Citizens Bank99 months termStatus not reported (SBA exemption)Loan details
Gross approval
$1,109,100
SBA-guaranteed amount
$831,825 (75% of the approval)
Lender
Citizens Bank, Elizabethton, TN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
8 years, 3 months (99 months)
Estimated maturity
June 27, 2032 (estimated, approval date plus term)
Estimated monthly payment
$16,943 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 20, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
50
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Fulton County, GA
SBA district office
Georgia District Office
Congressional district
GA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 57% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Georgia: $2,017,638.

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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