Barket Ventures LLC
Barket Ventures LLC is located in Harrisburg, PA, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 7(a) loan of $885,000 for a change of ownership on August 28, 2024.
SBA 7(a) loan, change of ownership, approved Aug 28, 2024
- Gross approval
- $885,000
- SBA-guaranteed amount
- $663,750 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 20 years (240 months)
- Estimated maturity
- August 28, 2044 (estimated, approval date plus term)
- Estimated monthly payment
- $9,135 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 37
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Dauphin County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 42% 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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