Main Street Registry

Honey Butter LLC

Washington, NC · Full-Service Restaurants · NAICS 722511

Honey Butter LLC is a full-service restaurant business located in Washington, North Carolina. It was financed with an SBA 7(a) loan for a change of ownership of $677,200, approved on September 25, 2025 by The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Sep 25, 2025

$677,200 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$677,200
SBA-guaranteed amount
$507,900 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
10 years (120 months)
Estimated maturity
September 25, 2035 (estimated, approval date plus term)
Estimated monthly payment
$8,856 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 21, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
45
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Beaufort County, NC
SBA district office
North Carolina District Office
Congressional district
NC-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 24% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in North Carolina: $1,952,444.

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 North Carolina