Main Street Registry

K&k Irving Enterprise LLC

Irving, TX · Full-Service Restaurants · NAICS 722511

K&k Irving Enterprise LLC is a full-service restaurant business located in Irving, Texas. It was financed with an SBA 7(a) loan for a change of ownership of $952,000, approved in December 2023 by Hanmi Bank.

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

$952,000 approvedLender: Hanmi Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$952,000
SBA-guaranteed amount
$714,000 (75% of the approval)
Lender
Hanmi Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
December 7, 2033 (estimated, approval date plus term)
Estimated monthly payment
$12,581 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 12, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
21
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Dallas County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-24
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 48% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Texas: $1,944,682.

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 Texas