Main Street Registry

HPKS&P Inc.

Cincinnati, OH · Full-Service Restaurants · NAICS 722511

HPKS&P Inc. is a full-service restaurant business located in Cincinnati, Ohio, classified under NAICS code 722511. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $512,500, approved on August 20, 2024, by First Financial Bank.

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

$512,500 approvedLender: First Financial Bank209 months termStatus not reported (SBA exemption)Loan details
Gross approval
$512,500
SBA-guaranteed amount
$384,375 (75% of the approval)
Lender
First Financial Bank, Cincinnati, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.17%, fixed
Term
17 years, 5 months (209 months)
Estimated maturity
January 20, 2042 (estimated, approval date plus term)
Estimated monthly payment
$4,604 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 26, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Hamilton County, OH
SBA district office
Columbus District Office
Congressional district
OH-02
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 5% of acquisition loans in Full-Service Restaurants on this site.
  • 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