East Town Investment
East Town Investment is a full-service restaurant business located in Oakland, California, classified under NAICS code 722511. The company was financed with an SBA 7(a) loan for a change of ownership of $2.1 million, approved on December 9, 2025, through American Continental Bank.
SBA 7(a) loan, change of ownership, approved Dec 9, 2025
$2,145,500 approvedLender: American Continental Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,145,500
- SBA-guaranteed amount
- $1,609,125 (75% of the approval)
- Lender
- American Continental Bank, City of Industry, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 9, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $26,889 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 36
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Alameda County, CA
- SBA district office
- San Francisco District Office
- Congressional district
- CA-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 85% 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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