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Sfk Texas Restaurants - Sdi 4240 LLC

Grand Prairie, TX · Limited-Service Restaurants · NAICS 722513

Sfk Texas Restaurants - Sdi 4240 LLC is a limited-service restaurant business in Grand Prairie, Texas, classified under NAICS code 722513. The company was financed with two SBA 7(a) loans for a change of ownership, totaling $4,917,900, both approved on June 28, 2024 by First United Bank and Trust Company.

SBA 7(a) loan, change of ownership, approved Jun 28, 2024

$3,055,000 approvedLender: First United Bank and Trust Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,055,000
SBA-guaranteed amount
$2,291,250 (75% of the approval)
Lender
First United Bank and Trust Company, Durant, OK
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
June 28, 2034 (estimated, approval date plus term)
Estimated monthly payment
$39,531 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 12, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
176
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Tarrant County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-06
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 93% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • Average acquisition loan in Texas: $1,944,682.

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.

SBA 7(a) loan, change of ownership, approved Jun 28, 2024

$1,862,900 approvedLender: First United Bank and Trust Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,862,900
SBA-guaranteed amount
$1,397,175 (75% of the approval)
Lender
First United Bank and Trust Company, Durant, OK
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
June 28, 2049 (estimated, approval date plus term)
Estimated monthly payment
$16,276 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 12, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
176
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Tarrant County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-06
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 81% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • Average acquisition loan in Texas: $1,944,682.

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 Texas