Main Street Registry

Nibbles Hospitality Group LLC

Slidell, LA · Limited-Service Restaurants · NAICS 722513

Nibbles Hospitality Group LLC is a limited-service restaurant business located in Slidell, Louisiana, operating as a Chicken Salad Chick franchise. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $534,000, approved on January 24, 2025 by Hancock Whitney Bank, and the loan reported 23 jobs.

SBA 7(a) loan, change of ownership, approved Jan 24, 2025

$534,000 approvedLender: Hancock Whitney Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$534,000
SBA-guaranteed amount
$400,500 (75% of the approval)
Lender
Hancock Whitney Bank, Gulfport, MS
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
January 24, 2035 (estimated, approval date plus term)
Estimated monthly payment
$6,910 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 30, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
23
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Franchise
Chicken Salad Chick
Project location
Saint Tammany County, LA
SBA district office
Louisiana District Office
Congressional district
LA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 9% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • Average acquisition loan in Louisiana: $1,702,056.

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 Louisiana