Sabattus Food Services Inc
Sabattus Food Services Inc is a full-service restaurant business located in Sabattus, Maine. It was financed with an SBA 7(a) loan for a change of ownership of $921,000, approved on January 29, 2026, by Maine Community Bank.
SBA 7(a) loan, change of ownership, approved Jan 29, 2026
$921,000 approvedLender: Maine Community Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $921,000
- SBA-guaranteed amount
- $690,750 (75% of the approval)
- Lender
- Maine Community Bank, Portland, ME
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 6.875%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- January 29, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $6,436 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 20, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Androscoggin County, ME
- SBA district office
- Maine District Office
- Congressional district
- ME-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 44% of acquisition loans in Full-Service Restaurants on this site.
- Average acquisition loan in Full-Service Restaurants: $1,319,601.
- Average acquisition loan in Maine: $1,448,582.
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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