Main Street Registry

La Spiga Ristorante Italiano

Palm Desert, CA · Full-Service Restaurants · NAICS 722511

La Spiga Ristorante Italiano is a full-service restaurant business in Palm Desert, California, classified under NAICS code 722511. The company was financed with an SBA 7(a) loan for a change of ownership of $4,432,000, approved on December 13, 2024 by First Internet Bank of Indiana, and the loan reported 33 jobs.

SBA 7(a) loan, change of ownership, approved Dec 13, 2024

$4,432,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,432,000
SBA-guaranteed amount
$3,324,000 (75% of the approval)
Lender
First Internet Bank of Indiana, Fishers, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
December 13, 2034 (estimated, approval date plus term)
Estimated monthly payment
$59,803 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
33
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Riverside County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-36
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 98% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in California: $1,688,228.

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 California