Main Street Registry

Spices Caribbean Restaurant

Jacksonville, FL · Limited-Service Restaurants · NAICS 722513

Spices Caribbean Restaurant is a limited-service restaurant business in Jacksonville, FL, classified under NAICS 722513. It was financed with an SBA 7(a) loan for a change of ownership totaling $2,018,000, approved on December 2, 2025, through Readycap Lending, LLC.

SBA 7(a) loan, change of ownership, approved Dec 2, 2025

$2,018,000 approvedLender: Readycap Lending, LLC25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,018,000
SBA-guaranteed amount
$1,498,365 (74% of the approval)
Lender
Readycap Lending, LLC, Berkeley Heights, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
December 2, 2050 (estimated, approval date plus term)
Estimated monthly payment
$16,591 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 15, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
35
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Duval County, FL
SBA district office
North Florida District Office
Congressional district
FL-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 86% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • Average acquisition loan in Florida: $1,808,559.

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 Florida