Yummy Pineapple Restaurant Group LLC
Yummy Pineapple Restaurant Group LLC is a full-service restaurant business located in Princeville, Hawaii. It was financed with an SBA 7(a) loan for a change of ownership of $551,000, approved on July 9, 2024, by Grow America Fund, Incorporated.
SBA 7(a) loan, change of ownership, approved Jul 9, 2024
$551,000 approvedLender: Grow America Fund, Incorporated10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $551,000
- SBA-guaranteed amount
- $413,250 (75% of the approval)
- Lender
- Grow America Fund, Incorporated, New York, NY
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 9, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,668 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 22
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Kauai County, HI
- SBA district office
- Hawaii District Office
- Congressional district
- HI-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 11% of acquisition loans in Full-Service Restaurants on this site.
- Average acquisition loan in Full-Service Restaurants: $1,319,601.
- Average acquisition loan in Hawaii: $1,359,741.
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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