Weston Lee, LLC
Weston Lee, LLC is located in Richmond, IN, and the SBA lists its industry as Limited-Service Restaurants. It was approved for an SBA 7(a) loan of $2,223,000 for a change of ownership on January 29, 2026.
SBA 7(a) loan, change of ownership, approved Jan 29, 2026
- Gross approval
- $2,223,000
- SBA-guaranteed amount
- $1,667,250 (75% of the approval)
- Lender
- First Merchants Bank, Indianapolis, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 29, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $27,562 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 9, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 73
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Franchise
- Lee's Famous Recipe and Lee's Famous Recipe Chicken
- Project location
- Wayne County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 87% of acquisition loans in Limited-Service Restaurants on this site.
- Average acquisition loan in Limited-Service Restaurants: $1,303,660.
- Average acquisition loan in Indiana: $1,995,900.
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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