Main Street Registry

S&M Orozco, Inc.

Port Angeles, WA · Full-Service Restaurants · NAICS 722511

S&M Orozco, Inc. is a full-service restaurant business located in Port Angeles, Washington. The company was financed with an SBA 7(a) loan for a change of ownership of $786,000, approved on October 25, 2024, through Evolve Bank and Trust.

SBA 7(a) loan, change of ownership, approved Oct 25, 2024

$786,000 approvedLender: Evolve Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$786,000
SBA-guaranteed amount
$589,500 (75% of the approval)
Lender
Evolve Bank and Trust, West Memphis, AR
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
October 25, 2034 (estimated, approval date plus term)
Estimated monthly payment
$10,716 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 31, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
30
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Clallam County, WA
SBA district office
Seattle District Office
Congressional district
WA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 34% 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Washington