Main Street Registry

Jet's Pizza Florida #16, LLC

Estero, FL · Full-Service Restaurants · NAICS 722511

Jet's Pizza Florida #16, LLC is a full-service restaurant business in Estero, Florida, classified under NAICS code 722511. The company was financed with an SBA 7(a) loan for a change of ownership, with an approved amount of $1,261,800 from DFCU Financial and a loan date of November 15, 2023. The business is a Jet's Pizza franchise and the loan reports 53 jobs.

SBA 7(a) loan, change of ownership, approved Nov 15, 2023

$1,261,800 approvedLender: DFCU Financial10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,261,800
SBA-guaranteed amount
$946,350 (75% of the approval)
Lender
DFCU Financial, Dearborn, MI
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
November 15, 2033 (estimated, approval date plus term)
Estimated monthly payment
$17,026 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 5, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
53
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Franchise
Jet's Pizza
Project location
Lee County, FL
SBA district office
South Florida District Office
Congressional district
FL-19
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 64% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Florida: $1,808,559.

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 Florida