Main Street Registry

Danville Hospitality Group

Vallejo, CA · Full-Service Restaurants · NAICS 722511

Danville Hospitality Group, based in Vallejo, CA, operates in the full-service restaurants industry (NAICS 722511). It was financed with an SBA 7(a) loan for a change of ownership totaling $754,200, approved by Plumas Bank on April 10, 2024.

SBA 7(a) loan, change of ownership, approved Apr 10, 2024

$754,200 approvedLender: Plumas Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$754,200
SBA-guaranteed amount
$565,650 (75% of the approval)
Lender
Plumas Bank, Quincy, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, fixed
Term
10 years (120 months)
Estimated maturity
April 10, 2034 (estimated, approval date plus term)
Estimated monthly payment
$9,452 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 1, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
19
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Solano County, CA
SBA district office
San Francisco District Office
Congressional district
CA-05
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 32% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in California: $1,688,228.

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 California