GOAT Subs, LLC
GOAT Subs, LLC is located in Hixson, TN, and the SBA lists its industry as Limited-Service Restaurants. It was approved for an SBA 7(a) loan of $2,000,000 for a change of ownership on September 26, 2024.
SBA 7(a) loan, change of ownership, approved Sep 26, 2024
- Gross approval
- $2,000,000
- SBA-guaranteed amount
- $1,500,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.49%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 26, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $25,869 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 30
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Project location
- Hamilton County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 85% of acquisition loans in Limited-Service Restaurants on this site.
- Average acquisition loan in Limited-Service Restaurants: $1,303,660.
- Average acquisition loan in Tennessee: $1,738,925.
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 Tennessee
- 227 Franklin, LLC, Franklin
- Dul Jjae LLC, Memphis
- Wtcb2, LLC, Nashville
- AR Pizza LLC, Memphis
- Brumit Restaurant Group, LLC, Newport