Las Vegas Explorer Group LLC
Las Vegas Explorer Group LLC is located in Henderson, NV, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 7(a) loan of $720,000 for a change of ownership on January 27, 2024.
SBA 7(a) loan, change of ownership, approved Jan 27, 2024
- Gross approval
- $720,000
- SBA-guaranteed amount
- $540,000 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 8 years, 11 months (107 months)
- Estimated maturity
- December 27, 2032 (estimated, approval date plus term)
- Estimated monthly payment
- $10,688 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 2, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 36
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Clark County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 29% of acquisition loans in Full-Service Restaurants on this site.
- Average acquisition loan in Full-Service Restaurants: $1,319,601.
- Average acquisition loan in Nevada: $1,617,910.
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 Nevada
- Hogs & Heifers of Las Vegas, Inc., Las Vegas
- Sunshine Hospitality, LLC, Henderson
- Los Altos Breakfast Lunch, Sparks
- Sparrow + Wolf, Las Vegas
- Mulbora Kitchen LLC dba Mr. Kim's Korean BBQ, Las Vegas
- Stacked BG3 LLC, Las Vegas
- The Club House, Gardnerville
- Josef's Vienna Bakery & Cafe, Reno