Main Street Registry

Teriyaki Sushi House

South Gate, CA · Limited-Service Restaurants · NAICS 722513

Teriyaki Sushi House is a limited-service restaurant business located in South Gate, California, in the Limited-Service Restaurants industry (NAICS 722513). The company was financed with an SBA 7(a) loan for a change of ownership totaling $960,000, approved by Preferred Bank on January 10, 2025, with 13 jobs reported.

SBA 7(a) loan, change of ownership, approved Jan 10, 2025

$960,000 approvedLender: Preferred Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$960,000
SBA-guaranteed amount
$720,000 (75% of the approval)
Lender
Preferred Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
10 years (120 months)
Estimated maturity
January 10, 2035 (estimated, approval date plus term)
Estimated monthly payment
$12,161 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 23, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
13
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-40
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 47% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • Average acquisition loan in California: $1,688,228.

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 California