Main Street Registry

Base Hospitality LLC

Greensboro, NC · Limited-Service Restaurants · NAICS 722513

Base Hospitality LLC is a limited-service restaurant business in Greensboro, North Carolina, operating in the franchise category of Burger King. The company was financed with an SBA 7(a) loan for a change of ownership totaling $5 million, approved by Live Oak Banking Company on August 12, 2026, and reports 300 jobs.

SBA 7(a) loan, change of ownership, approved Aug 12, 2026

$5,000,000 approvedLender: Live Oak Banking Company10 years termCommitted, not fully disbursedLoan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (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
7%, variable
Term
10 years (120 months)
Estimated maturity
August 12, 2036 (estimated, approval date plus term)
Estimated monthly payment
$58,054 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
300
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Franchise
Burger King
Project location
Guilford County, NC
SBA district office
North Carolina District Office
Congressional district
NC-06
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 99% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • Average acquisition loan in North Carolina: $1,952,444.

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 North Carolina