Surfing Goat Pizza LLC
Surfing Goat Pizza LLC is a full-service restaurant business in Prince Frederick, Maryland, classified under NAICS code 722511. The company was financed with an SBA 7(a) loan for a change of ownership of $3.15 million from The Huntington National Bank, with an approval date of February 25, 2025.
SBA 7(a) loan, change of ownership, approved Feb 25, 2025
$3,150,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,150,000
- SBA-guaranteed amount
- $2,362,500 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 25, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $40,760 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 25, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 204
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Calvert County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 94% of acquisition loans in Full-Service Restaurants on this site.
- Average acquisition loan in Full-Service Restaurants: $1,319,601.
- Average acquisition loan in Maryland: $1,627,337.
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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