Main Street Registry

Sound Bites Grill

Sedona, AZ · Full-Service Restaurants · NAICS 722511

Sound Bites Grill is located in Sedona, AZ, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 7(a) loan of $1,430,000 for a change of ownership on June 27, 2024.

SBA 7(a) loan, change of ownership, approved Jun 27, 2024

Gross approval
$1,430,000
SBA-guaranteed amount
$1,072,500 (75% of the approval)
Lender
St. Louis Bank, St. Louis, MO
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
10 years (120 months)
Estimated maturity
June 27, 2034 (estimated, approval date plus term)
Estimated monthly payment
$19,901 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 15, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Coconino County, AZ
SBA district office
Arizona District Office
Congressional district
AZ-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 Arizona