Main Street Registry

AWZ Real Estate LLC

Reading, PA · Full-Service Restaurants · NAICS 722511

AWZ Real Estate LLC is a full-service restaurant business in Reading, Pennsylvania, classified under NAICS 722511. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,075,000, approved on November 8, 2023 by QNB Bank and reported with 25 jobs.

SBA 7(a) loan, change of ownership, approved Nov 8, 2023

$1,075,000 approvedLender: QNB Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,075,000
SBA-guaranteed amount
$806,250 (75% of the approval)
Lender
QNB Bank, Quakertown, PA
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
November 8, 2048 (estimated, approval date plus term)
Estimated monthly payment
$10,731 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 22, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
25
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Berks County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 55% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Pennsylvania: $1,636,965.

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 Pennsylvania