B T O Management Corporation
B T O Management Corporation is located in Boynton Beach, FL, and the SBA lists its industry as Limited-Service Restaurants. It was approved for an SBA 7(a) loan of $1,975,900 for a change of ownership on July 24, 2024.
SBA 7(a) loan, change of ownership, approved Jul 24, 2024
- Gross approval
- $1,975,900
- SBA-guaranteed amount
- $1,481,925 (75% of the approval)
- Lender
- PNC Bank, National Association, Wilmington, DE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.19%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- July 24, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $24,172 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Project location
- Palm Beach County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-21
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 84% of acquisition loans in Limited-Service Restaurants on this site.
- Average acquisition loan in Limited-Service Restaurants: $1,303,660.
- Average acquisition loan in Florida: $1,808,559.
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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