Main Street Registry

Hartwood Local Foods, LLC

Fort Worth, TX · Full-Service Restaurants · NAICS 722511

Hartwood Local Foods, LLC is a full-service restaurant in Fort Worth, Texas, in the Full-Service Restaurants industry (NAICS 722511). The company was financed with an SBA 7(a) loan for a change of ownership of $594,600, approved on May 20, 2024, through First Financial Bank.

SBA 7(a) loan, change of ownership, approved May 20, 2024

$594,600 approvedLender: First Financial Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$594,600
SBA-guaranteed amount
$445,950 (75% of the approval)
Lender
First Financial Bank, Abilene, TX
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
May 20, 2034 (estimated, approval date plus term)
Estimated monthly payment
$8,023 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 31, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
26
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Tarrant County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-12
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 16% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Texas: $1,944,682.

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 Texas