Main Street Registry

Harvest Blue Ridge LLC

Blue Ridge, GA · Full-Service Restaurants · NAICS 722511

Harvest Blue Ridge LLC is a full-service restaurant located in Blue Ridge, Georgia. The company was financed with an SBA 7(a) loan for a change of ownership of $1,355,000, approved on December 8, 2023, by United Community Bank.

SBA 7(a) loan, change of ownership, approved Dec 8, 2023

$1,355,000 approvedLender: United Community Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,355,000
SBA-guaranteed amount
$1,016,250 (75% of the approval)
Lender
United Community Bank, Greenville, SC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
December 8, 2033 (estimated, approval date plus term)
Estimated monthly payment
$18,284 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 24, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
50
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Fannin County, GA
SBA district office
Georgia District Office
Congressional district
GA-09
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 69% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Georgia: $2,017,638.

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 Georgia