Main Street Registry

Southwest Grill Chapel Hill LLC

Durham, NC · Limited-Service Restaurants · NAICS 722513

Southwest Grill Chapel Hill LLC, located in Durham, North Carolina, operates in the limited-service restaurants industry (NAICS 722513). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $860,000, with The Fidelity Bank as lender and approval dated July 14, 2024.

SBA 7(a) loan, change of ownership, approved Jul 14, 2024

$860,000 approvedLender: The Fidelity Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$860,000
SBA-guaranteed amount
$645,000 (75% of the approval)
Lender
The Fidelity Bank, Fuquay Varina, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
July 14, 2034 (estimated, approval date plus term)
Estimated monthly payment
$11,725 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 12, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
32
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Durham County, NC
SBA district office
North Carolina District Office
Congressional district
NC-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 42% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • Average acquisition loan in North Carolina: $1,952,444.

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 North Carolina