Main Street Registry

KJT Concepts Hospitality LLC

Downingtown, PA · Full-Service Restaurants · NAICS 722511

KJT Concepts Hospitality LLC is a full-service restaurant business located in Downingtown, Pennsylvania. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $4,988,000, approved on October 17, 2024 by First Resource Bank.

SBA 7(a) loan, change of ownership, approved Oct 17, 2024

$4,988,000 approvedLender: First Resource Bank26 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,988,000
SBA-guaranteed amount
$3,741,000 (75% of the approval)
Lender
First Resource Bank, Exton, PA
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10%, variable
Term
26 years (312 months)
Estimated maturity
October 17, 2050 (estimated, approval date plus term)
Estimated monthly payment
$44,941 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 24, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
124
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Chester County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 99% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Pennsylvania: $1,636,965.

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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