Main Street Registry

RK Pizzeria Inc

Walpole, MA · Limited-Service Restaurants · NAICS 722513

RK Pizzeria Inc is a limited-service restaurant business in Walpole, MA, operating in the limited-service restaurants industry (NAICS 722513). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,255,000, approved on December 11, 2024 by Manufacturers and Traders Trust Company.

SBA 7(a) loan, change of ownership, approved Dec 11, 2024

$1,255,000 approvedLender: Manufacturers and Traders Trust Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,255,000
SBA-guaranteed amount
$941,250 (75% of the approval)
Lender
Manufacturers and Traders Trust Company, Buffalo, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
10 years (120 months)
Estimated maturity
December 11, 2034 (estimated, approval date plus term)
Estimated monthly payment
$15,393 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 20, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Norfolk County, MA
SBA district office
Massachusetts District Office
Congressional district
MA-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 66% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • Average acquisition loan in Massachusetts: $1,643,977.

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 Massachusetts