Main Street Registry

Little Tokyo Restaurant, Inc.

Metairie, LA · Full-Service Restaurants · NAICS 722511

Little Tokyo Restaurant, Inc. is a full-service restaurant business located in Metairie, Louisiana. It was financed with two SBA 7(a) loans for a change of ownership, totaling $1,912,000 in loan amounts, approved by Celtic Bank Corporation on November 29, 2024.

SBA 7(a) loan, change of ownership, approved Nov 29, 2024

$1,110,000 approvedLender: Celtic Bank Corporation119 months termStatus not reported (SBA exemption)Loan details
Gross approval
$1,110,000
SBA-guaranteed amount
$832,500 (75% of the approval)
Lender
Celtic Bank Corporation, Salt Lake City, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
9 years, 11 months (119 months)
Estimated maturity
October 29, 2034 (estimated, approval date plus term)
Estimated monthly payment
$14,741 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
49
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Jefferson County, LA
SBA district office
Louisiana District Office
Congressional district
LA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 57% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Louisiana: $1,702,056.

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.

SBA 7(a) loan, change of ownership, approved Nov 29, 2024

$802,000 approvedLender: Celtic Bank Corporation299 months termStatus not reported (SBA exemption)Loan details
Gross approval
$802,000
SBA-guaranteed amount
$601,500 (75% of the approval)
Lender
Celtic Bank Corporation, Salt Lake City, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
24 years, 11 months (299 months)
Estimated maturity
October 29, 2049 (estimated, approval date plus term)
Estimated monthly payment
$7,293 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 27, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
49
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Jefferson County, LA
SBA district office
Louisiana District Office
Congressional district
LA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 36% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Louisiana: $1,702,056.

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 Louisiana