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Bayside Grill, Fort Myers Inc

Fort Myers Beach, FL · Full-Service Restaurants · NAICS 722511

Bayside Grill, Fort Myers Inc is a full-service restaurant business in Fort Myers Beach, Florida, classified under NAICS code 722511. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $500,000, approved by Manufacturers and Traders Trust Company with an approval date of September 16, 2026.

SBA 7(a) loan, change of ownership, approved Sep 16, 2026

$500,000 approvedLender: Manufacturers and Traders Trust Company10 years termCommitted, not fully disbursedLoan details
Gross approval
$500,000
SBA-guaranteed amount
$375,000 (75% of the approval)
Lender
Manufacturers and Traders Trust Company, Buffalo, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
10 years (120 months)
Estimated maturity
September 16, 2036 (estimated, approval date plus term)
Estimated monthly payment
$6,133 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
24
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Lee County, FL
SBA district office
South Florida District Office
Congressional district
FL-19
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • 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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Same industry in Florida