Ichiban Salisbury LLC
Ichiban Salisbury LLC is located in Salisbury, NC, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 7(a) loan of $3,763,400 for a change of ownership on January 31, 2024.
SBA 7(a) loan, change of ownership, approved Jan 31, 2024
- Gross approval
- $3,763,400
- SBA-guaranteed amount
- $2,822,550 (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
- 11%, variable
- Term
- 24 years, 11 months (299 months)
- Estimated maturity
- December 31, 2048 (estimated, approval date plus term)
- Estimated monthly payment
- $36,909 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 9, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 35
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Rowan County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 96% 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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