Main Street Registry

DMXLV Enterprises, LLC

Yakima, WA · Full-Service Restaurants · NAICS 722511

DMXLV Enterprises, LLC is a full-service restaurant located in Yakima, Washington. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,254,200, approved on January 21, 2024 by North State Bank.

SBA 7(a) loan, change of ownership, approved Jan 21, 2024

$1,254,200 approvedLender: North State Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,254,200
SBA-guaranteed amount
$940,650 (75% of the approval)
Lender
North State Bank, Raleigh, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
January 21, 2034 (estimated, approval date plus term)
Estimated monthly payment
$17,100 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 26, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
38
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Yakima County, WA
SBA district office
Seattle District Office
Congressional district
WA-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 64% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Washington: $1,784,595.

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 Washington