MAJK Shapley LLC
MAJK Shapley LLC is located in Ridgeland, MS, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 7(a) loan of $1,005,000 for a change of ownership on January 27, 2026.
SBA 7(a) loan, change of ownership, approved Jan 27, 2026
- Gross approval
- $1,005,000
- SBA-guaranteed amount
- $753,750 (75% of the approval)
- Lender
- Hancock Whitney Bank, Gulfport, MS
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 27, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $12,867 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 2, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 60
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Madison County, MS
- SBA district office
- Mississippi District Office
- Congressional district
- MS-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 53% of acquisition loans in Full-Service Restaurants on this site.
- Average acquisition loan in Full-Service Restaurants: $1,319,601.
- Average acquisition loan in Mississippi: $1,688,600.
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 Mississippi
- Brownsville Pizza, LLC, Clarksdale