Main Street Registry

Morgan River Grill

Saint Helena Island, SC · Full-Service Restaurants · NAICS 722511

Morgan River Grill is located in Saint Helena Island, SC, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 7(a) loan of $700,000 for a change of ownership on March 10, 2025.

SBA 7(a) loan, change of ownership, approved Mar 10, 2025

Gross approval
$700,000
SBA-guaranteed amount
$525,000 (75% of the approval)
Lender
United Community Bank, Greenville, SC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
March 10, 2035 (estimated, approval date plus term)
Estimated monthly payment
$9,058 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 31, 2025
Loan status
Paid in full
Jobs supported
4
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Beaufort County, SC
SBA district office
South Carolina District Office
Congressional district
SC-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 South Carolina