AR Pizza LLC
AR Pizza LLC is located in Memphis, TN, and the SBA lists its industry as Limited-Service Restaurants. It was approved for an SBA 7(a) loan of $925,000 for a change of ownership on April 15, 2025.
SBA 7(a) loan, change of ownership, approved Apr 15, 2025
- Gross approval
- $925,000
- SBA-guaranteed amount
- $693,750 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.24%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 15, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $12,347 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 19, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Project location
- Shelby County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 45% of acquisition loans in Limited-Service Restaurants on this site.
- Average acquisition loan in Limited-Service Restaurants: $1,303,660.
- Average acquisition loan in Tennessee: $1,738,925.
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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