Main Street Registry

Two Hands Seoul Fresh Corn Dogs

Northridge, CA · Full-Service Restaurants · NAICS 722511

Two Hands Seoul Fresh Corn Dogs is a full-service restaurant located in Northridge, California, classified under NAICS code 722511. The business was financed with an SBA 7(a) loan for a change of ownership of $525,000, approved on September 27, 2024, through Open Bank.

SBA 7(a) loan, change of ownership, approved Sep 27, 2024

$525,000 approvedLender: Open Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$525,000
SBA-guaranteed amount
$393,750 (75% of the approval)
Lender
Open Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
September 27, 2034 (estimated, approval date plus term)
Estimated monthly payment
$6,938 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 21, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-29
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 7% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • 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