Main Street Registry

Crickets of Waco LLC

Waco, TX · Full-Service Restaurants · NAICS 722511

Crickets of Waco LLC is a full-service restaurant located in Waco, Texas. The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,215,000, approved by TowneBank on July 26, 2024.

SBA 7(a) loan, change of ownership, approved Jul 26, 2024

$1,215,000 approvedLender: TowneBank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,215,000
SBA-guaranteed amount
$911,250 (75% of the approval)
Lender
TowneBank, Portsmouth, VA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
10 years (120 months)
Estimated maturity
July 26, 2034 (estimated, approval date plus term)
Estimated monthly payment
$16,737 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
155
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Mclennan County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-17
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 62% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Texas: $1,944,682.

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 Texas