Park Social LLC
Park Social LLC is a drinking place (alcoholic beverages) located in South Park, PA. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1,488,000 approved by Bankwell Bank on January 5, 2026.
SBA 7(a) loan, change of ownership, approved Jan 5, 2026
$1,488,000 approvedLender: Bankwell Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,488,000
- SBA-guaranteed amount
- $1,116,000 (75% of the approval)
- Lender
- Bankwell Bank, New Canaan, CT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 5, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $19,051 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 29, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 40
- Business type
- Corporation
- NAICS
- 722410, Drinking Places (Alcoholic Beverages)
- Project location
- Allegheny County, PA
- SBA district office
- Pittsburgh District Office
- Congressional district
- PA-14
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 80% of acquisition loans in Drinking Places (Alcoholic Beverages) on this site.
- Average acquisition loan in Drinking Places (Alcoholic Beverages): $1,078,366.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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