5th Ave Oshio LLC
5th Ave Oshio LLC is located in Columbus, OH, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 7(a) loan of $569,000 for a change of ownership on September 5, 2024.
SBA 7(a) loan, change of ownership, approved Sep 5, 2024
- Gross approval
- $569,000
- SBA-guaranteed amount
- $426,750 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 5, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,838 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 26, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 18
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Franklin County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 14% of acquisition loans in Full-Service Restaurants on this site.
- Average acquisition loan in Full-Service Restaurants: $1,319,601.
- Average acquisition loan in Ohio: $1,840,340.
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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