Topeka Hospitality, L.C.
Topeka Hospitality, L.C. is a full-service restaurant business located in Topeka, Kansas, classified under NAICS code 722511. It was financed with an SBA 7(a) loan for a change of ownership of $1,385,600, approved on May 13, 2025, through Heritage Bank.
SBA 7(a) loan, change of ownership, approved May 13, 2025
$1,385,600 approvedLender: Heritage Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,385,600
- SBA-guaranteed amount
- $1,039,200 (75% of the approval)
- Lender
- Heritage Bank, Topeka, KS
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 13, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $17,365 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 24, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 112
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Franchise
- Perkins Restaurant & Bakery
- Project location
- Shawnee County, KS
- SBA district office
- Kansas City District Office
- Congressional district
- KS-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 69% of acquisition loans in Full-Service Restaurants on this site.
- Average acquisition loan in Full-Service Restaurants: $1,319,601.
- Average acquisition loan in Kansas: $1,491,022.
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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