Briquette LLC
Briquette LLC is located in Kapaa, HI, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 7(a) loan of $662,700 for a change of ownership on May 15, 2024.
SBA 7(a) loan, change of ownership, approved May 15, 2024
- Gross approval
- $662,700
- SBA-guaranteed amount
- $497,025 (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
- 11.25%, variable
- Term
- 20 years (240 months)
- Estimated maturity
- May 15, 2044 (estimated, approval date plus term)
- Estimated monthly payment
- $6,953 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 24, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 46
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Kauai County, HI
- SBA district office
- Hawaii District Office
- Congressional district
- HI-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 23% of acquisition loans in Full-Service Restaurants on this site.
- Average acquisition loan in Full-Service Restaurants: $1,319,601.
- Average acquisition loan in Hawaii: $1,359,741.
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 Hawaii
- Yummy Pineapple Restaurant Group LLC, Princeville