Main Street Registry

BBS Hospitality LLC

Ocean City, MD · Full-Service Restaurants · NAICS 722511

BBS Hospitality LLC, located in Ocean City, Maryland, operates in the full-service restaurants industry (NAICS 722511). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,549,400, approved by Celtic Bank Corporation on April 14, 2026.

SBA 7(a) loan, change of ownership, approved Apr 14, 2026

$1,549,400 approvedLender: Celtic Bank Corporation10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,549,400
SBA-guaranteed amount
$1,162,050 (75% of the approval)
Lender
Celtic Bank Corporation, Salt Lake City, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
April 14, 2036 (estimated, approval date plus term)
Estimated monthly payment
$20,049 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 28, 2026
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Worcester County, MD
SBA district office
Baltimore District Office
Congressional district
MD-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 73% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Maryland: $1,627,337.

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 Maryland