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S&J East LGS LLC

Jacksonville, FL · Limited-Service Restaurants · NAICS 722513

S&J East LGS LLC is a limited-service restaurant located in Jacksonville, Florida, classified under NAICS 722513 and operating as a Larry's Giant Subs franchise. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $2.3 million, approved by Valley National Bank on December 5, 2024. The loan reports 40 jobs.

SBA 7(a) loan, change of ownership, approved Dec 5, 2024

$2,300,000 approvedLender: Valley National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,300,000
SBA-guaranteed amount
$1,725,000 (75% of the approval)
Lender
Valley National Bank, Passaic, NJ
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
December 5, 2034 (estimated, approval date plus term)
Estimated monthly payment
$30,395 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 24, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
40
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Franchise
LARRY'S GIANT SUBS
Project location
Duval County, FL
SBA district office
North Florida District Office
Congressional district
FL-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 88% 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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