Main Street Registry

Babalu Memphis East, LLC

Memphis, TN · Full-Service Restaurants · NAICS 722511

Babalu Memphis East, LLC is a full-service restaurant located in Memphis, Tennessee, in the Full-Service Restaurants industry. The company was financed with an SBA 7(a) loan for a change of ownership of $859,900, approved on September 10, 2026, by Pinnacle Bank.

SBA 7(a) loan, change of ownership, approved Sep 10, 2026

$859,900 approvedLender: Pinnacle Bank10 years termCommitted, not fully disbursedLoan details
Gross approval
$859,900
SBA-guaranteed amount
$644,925 (75% of the approval)
Lender
Pinnacle Bank, Nashville, TN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
10 years (120 months)
Estimated maturity
September 10, 2036 (estimated, approval date plus term)
Estimated monthly payment
$11,010 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
60
Business type
Corporation
NAICS
722511, Full-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
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 39% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Tennessee