Main Street Registry

West Allen Grill and Catering LLC

Wentzville, MO · Full-Service Restaurants · NAICS 722511

West Allen Grill and Catering LLC is a full-service restaurant business located in Wentzville, Missouri, classified under NAICS code 722511. The company was financed with an SBA 7(a) loan for a change of ownership totaling $841,000, approved on August 22, 2024, through The Bank of Houston.

SBA 7(a) loan, change of ownership, approved Aug 22, 2024

$841,000 approvedLender: The Bank of Houston25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$841,000
SBA-guaranteed amount
$630,750 (75% of the approval)
Lender
The Bank of Houston, Houston, MO
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
11.25%, variable
Term
25 years (300 months)
Estimated maturity
August 22, 2049 (estimated, approval date plus term)
Estimated monthly payment
$8,395 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
46
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Saint Charles County, MO
SBA district office
St. Louis District Office
Congressional district
MO-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 38% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Missouri: $1,584,414.

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 Missouri