Main Street Registry

Surfside Grill & Pizzeria

Jensen Beach, FL · Full-Service Restaurants · NAICS 722511

Surfside Grill & Pizzeria, a full-service restaurant in Jensen Beach, Florida, was financed with an SBA 7(a) loan for a change of ownership. The loan of $1,209,300 was approved on December 12, 2024, by BankUnited, National Association, and the loan is listed with 28 jobs.

SBA 7(a) loan, change of ownership, approved Dec 12, 2024

$1,209,300 approvedLender: BankUnited, National Association25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,209,300
SBA-guaranteed amount
$906,975 (75% of the approval)
Lender
BankUnited, National Association, Miami Lakes, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8%, fixed
Term
25 years (300 months)
Estimated maturity
December 12, 2049 (estimated, approval date plus term)
Estimated monthly payment
$9,334 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 31, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
28
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Martin County, FL
SBA district office
South Florida District Office
Congressional district
FL-18
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 61% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • 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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