Main Street Registry

Hula Boy Charbroil Inc

Vancouver, WA · Full-Service Restaurants · NAICS 722511

Hula Boy Charbroil Inc, located in Vancouver, WA, operates in the Full-Service Restaurants industry (NAICS 722511). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,384,000, approved on April 10, 2024, by lender Readycap Lending, LLC.

SBA 7(a) loan, change of ownership, approved Apr 10, 2024

$1,384,000 approvedLender: Readycap Lending, LLC10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,384,000
SBA-guaranteed amount
$1,038,000 (75% of the approval)
Lender
Readycap Lending, LLC, Berkeley Heights, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
April 10, 2034 (estimated, approval date plus term)
Estimated monthly payment
$18,675 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
16
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Clark County, WA
SBA district office
Portland District Office
Congressional district
WA-03
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 Washington: $1,784,595.

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 Washington