Main Street Registry

Pelicana Chicken

Seattle, WA · Full-Service Restaurants · NAICS 722511

Pelicana Chicken is a full-service restaurant business located in Seattle, Washington, in the Full-Service Restaurants industry (NAICS 722511). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $650,000, approved on January 28, 2026, through East West Bank.

SBA 7(a) loan, change of ownership, approved Jan 28, 2026

$650,000 approvedLender: East West Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$650,000
SBA-guaranteed amount
$487,500 (75% of the approval)
Lender
East West Bank, Pasadena, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
10 years (120 months)
Estimated maturity
January 28, 2036 (estimated, approval date plus term)
Estimated monthly payment
$8,059 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 23, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Franchise
Pelicana Chicken
Project location
King County, WA
SBA district office
Seattle District Office
Congressional district
WA-07
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 21% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Washington: $1,784,595.

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 Washington