Main Street Registry

Norton Edelweiss Bakery, LLC

Fort Lauderdale, FL · Limited-Service Restaurants · NAICS 722513

Norton Edelweiss Bakery, LLC is a limited-service restaurant business in Fort Lauderdale, Florida, classified under NAICS code 722513. The company was financed with an SBA 7(a) loan for a change of ownership of $534,000, approved on January 10, 2025, through Beacon Bank and Trust.

SBA 7(a) loan, change of ownership, approved Jan 10, 2025

$534,000 approvedLender: Beacon Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$534,000
SBA-guaranteed amount
$400,500 (75% of the approval)
Lender
Beacon Bank and Trust, Brookline, MA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
10 years (120 months)
Estimated maturity
January 10, 2035 (estimated, approval date plus term)
Estimated monthly payment
$6,983 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 1, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Broward County, FL
SBA district office
South Florida District Office
Congressional district
FL-22
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 Florida: $1,808,559.

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 Florida