Main Street Registry

Mar&riv Pizza LLC

Eustis, FL · Full-Service Restaurants · NAICS 722511

Mar&riv Pizza LLC, located in Eustis, Florida, operates in the full-service restaurants industry (NAICS 722511). The company was financed with an SBA 7(a) loan for a change of ownership totaling $739,000, approved on October 19, 2023 by Beacon Bank and Trust, with 26 jobs reported.

SBA 7(a) loan, change of ownership, approved Oct 19, 2023

$739,000 approvedLender: Beacon Bank and Trust25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$739,000
SBA-guaranteed amount
$554,250 (75% of the approval)
Lender
Beacon Bank and Trust, Brookline, MA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
25 years (300 months)
Estimated maturity
October 19, 2048 (estimated, approval date plus term)
Estimated monthly payment
$6,978 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 6, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
26
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Lake County, FL
SBA district office
North Florida District Office
Congressional district
FL-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 31% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Florida: $1,808,559.

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 Florida