Main Street Registry

Royal Punjab Management Group 7 Inc

Milton, WA · Limited-Service Restaurants · NAICS 722513

Royal Punjab Management Group 7 Inc, located in Milton, WA, operates in the limited-service restaurants industry (NAICS 722513). The company was financed with an SBA 7(a) loan for a change of ownership of $720,000, approved on December 6, 2023 by KeyBank National Association.

SBA 7(a) loan, change of ownership, approved Dec 6, 2023

$720,000 approvedLender: KeyBank National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$720,000
SBA-guaranteed amount
$540,000 (75% of the approval)
Lender
KeyBank National Association, Cleveland, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
December 6, 2033 (estimated, approval date plus term)
Estimated monthly payment
$9,715 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 21, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
25
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Pierce County, WA
SBA district office
Seattle District Office
Congressional district
WA-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 32% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • 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