Main Street Registry

Fresh Roots Hospitalities, LLC

Avon Lake, OH · Limited-Service Restaurants · NAICS 722513

Fresh Roots Hospitalities, LLC, located in Avon Lake, OH, operates in the limited-service restaurants industry (NAICS 722513). The business was financed with an SBA 7(a) loan for a change of ownership of $1,351,000, approved by TowneBank with an approval date of September 23, 2026.

SBA 7(a) loan, change of ownership, approved Sep 23, 2026

$1,351,000 approvedLender: TowneBank10 years termCommitted, not fully disbursedLoan details
Gross approval
$1,351,000
SBA-guaranteed amount
$1,013,250 (75% of the approval)
Lender
TowneBank, Portsmouth, VA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
10 years (120 months)
Estimated maturity
September 23, 2036 (estimated, approval date plus term)
Estimated monthly payment
$17,297 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
30
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Lorain County, OH
SBA district office
Columbus District Office
Congressional district
OH-09
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 69% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • Average acquisition loan in Ohio: $1,840,340.

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 Ohio