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FMR Biscuit Farmers, LLC

Raleigh, NC · Full-Service Restaurants · NAICS 722511

FMR Biscuit Farmers, LLC is a full-service restaurant business located in Raleigh, North Carolina, classified under NAICS code 722511. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $2,835,000, provided by First-Citizens Bank & Trust Company and approved on May 12, 2026.

SBA 7(a) loan, change of ownership, approved May 12, 2026

$2,835,000 approvedLender: First-Citizens Bank & Trust Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,835,000
SBA-guaranteed amount
$2,126,250 (75% of the approval)
Lender
First-Citizens Bank & Trust Company, Raleigh, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
10 years (120 months)
Estimated maturity
May 12, 2036 (estimated, approval date plus term)
Estimated monthly payment
$35,150 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 1, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
52
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Wake County, NC
SBA district office
North Carolina District Office
Congressional district
NC-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 91% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in North Carolina: $1,952,444.

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 North Carolina