Main Street Registry

Shri Sai 1718, LLC

Louisville, KY · Limited-Service Restaurants · NAICS 722513

Shri Sai 1718, LLC, located in Louisville, Kentucky, operates in the limited-service restaurants industry (NAICS 722513) and is a Tropical Smoothie Cafe franchise. The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,845,100, approved on February 20, 2025, through TowneBank.

SBA 7(a) loan, change of ownership, approved Feb 20, 2025

$1,845,100 approvedLender: TowneBank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,845,100
SBA-guaranteed amount
$1,383,825 (75% of the approval)
Lender
TowneBank, Portsmouth, VA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
10 years (120 months)
Estimated maturity
February 20, 2035 (estimated, approval date plus term)
Estimated monthly payment
$23,623 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 4, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
71
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Franchise
Tropical Smoothie Cafe
Project location
Jefferson County, KY
SBA district office
Kentucky District Office
Congressional district
KY-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
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 Kentucky: $1,988,993.

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 Kentucky