Mirpatt Restaurant Corp
Mirpatt Restaurant Corp is located in Framingham, MA, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 7(a) loan of $925,000 for a change of ownership on June 16, 2025.
SBA 7(a) loan, change of ownership, approved Jun 16, 2025
- Gross approval
- $925,000
- SBA-guaranteed amount
- $693,750 (75% of the approval)
- Lender
- Customers Bank, Malvern, PA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 16, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $11,469 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 10, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 58
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Middlesex County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 45% of acquisition loans in Full-Service Restaurants on this site.
- Average acquisition loan in Full-Service Restaurants: $1,319,601.
- Average acquisition loan in Massachusetts: $1,643,977.
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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