M&l 1, LLC
M&l 1, LLC is located in Allen, TX, and the SBA lists its industry as Limited-Service Restaurants. It was approved for an SBA 7(a) loan of $708,000 for a change of ownership on March 6, 2025.
SBA 7(a) loan, change of ownership, approved Mar 6, 2025
- Gross approval
- $708,000
- SBA-guaranteed amount
- $531,000 (75% of the approval)
- Lender
- UMB Bank, National Association, Kansas City, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 6, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $8,590 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 25, 2025
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Project location
- Collin County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 30% of acquisition loans in Limited-Service Restaurants on this site.
- Average acquisition loan in Limited-Service Restaurants: $1,303,660.
- Average acquisition loan in Texas: $1,944,682.
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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