Gemelli Restaurant Group LLP
Gemelli Restaurant Group LLP is located in Rocky River, OH, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 7(a) loan of $500,000 for a change of ownership on August 27, 2026.
SBA 7(a) loan, change of ownership, approved Aug 27, 2026
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (75% of the approval)
- Lender
- Coastal States Bank, Hilton Head Island, SC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 27, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $6,334 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 20
- Business type
- LLC or partnership
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Cuyahoga 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)
- Average acquisition loan in Full-Service Restaurants: $1,319,601.
- 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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Ohio
- Lockstep Capital LLC, Fairfield
- Pizza Power of Waverly LLC, Waverly
- Dbgills LLC, Toledo
- The Melting Pot, Dayton
- 5th Ave Oshio LLC, Columbus
- HPKS&P Inc., Cincinnati
- Ryes & Shine Cafe LLC, Cleves
- Thai Nine of Dayton, LLC, Dayton