Main Street Registry

Kerala Investments LLC

Roswell, GA · Full-Service Restaurants · NAICS 722511

Kerala Investments LLC is a full-service restaurant business located in Roswell, Georgia. It was financed with an SBA 7(a) loan for a change of ownership of $1 million, approved on October 1, 2024, through The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Oct 1, 2024

$1,000,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,000,000
SBA-guaranteed amount
$750,000 (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
9.75%, variable
Term
10 years (120 months)
Estimated maturity
October 1, 2034 (estimated, approval date plus term)
Estimated monthly payment
$13,077 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 10, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
44
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Fulton County, GA
SBA district office
Georgia District Office
Congressional district
GA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 51% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Georgia: $2,017,638.

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 Georgia