Claysun Holdings LLC
Claysun Holdings LLC is a full-service restaurant business in Dewey Beach, Delaware, classified under NAICS code 722511. The company was financed with an SBA 7(a) loan for a change of ownership of $1.85 million, approved on January 18, 2024, by Community Bank Delaware, and the loan is reported with 12 jobs.
SBA 7(a) loan, change of ownership, approved Jan 18, 2024
$1,850,000 approvedLender: Community Bank Delaware25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,850,000
- SBA-guaranteed amount
- $1,387,500 (75% of the approval)
- Lender
- Community Bank Delaware, Lewes, DE
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 18, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $13,671 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 5, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Sussex County, DE
- SBA district office
- Delaware District Office
- Congressional district
- DE-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 81% of acquisition loans in Full-Service Restaurants on this site.
- Average acquisition loan in Full-Service Restaurants: $1,319,601.
- Average acquisition loan in Delaware: $1,875,271.
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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