DBT Investments LLC
DBT Investments LLC is a limited-service restaurant business in Phoenix, Arizona, classified under NAICS code 722513. The company was financed with an SBA 7(a) loan for a change of ownership totaling $992,000, approved on February 4, 2024, through 22nd State Bank, A Division of 22nd State Banking Company.
SBA 7(a) loan, change of ownership, approved Feb 4, 2024
$992,000 approvedLender: 22nd State Bank, A Division of 22nd State Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $992,000
- SBA-guaranteed amount
- $744,000 (75% of the approval)
- Lender
- 22nd State Bank, A Division of 22nd State Banking Company, Mobile, AL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 4, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,806 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 52
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 48% of acquisition loans in Limited-Service Restaurants on this site.
- Average acquisition loan in Limited-Service Restaurants: $1,303,660.
- Average acquisition loan in Arizona: $1,690,811.
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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