NNP Subs 1812 LLC
NNP Subs 1812 LLC is located in Hagerstown, MD, and the SBA lists its industry as Limited-Service Restaurants. It was approved for an SBA 7(a) loan of $865,000 for a change of ownership on December 23, 2024.
SBA 7(a) loan, change of ownership, approved Dec 23, 2024
- Gross approval
- $865,000
- SBA-guaranteed amount
- $648,750 (75% of the approval)
- Lender
- Bank of Clarke, Berryville, VA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 23, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $11,193 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 21, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Franchise
- Jimmy John's
- Project location
- Washington County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 43% of acquisition loans in Limited-Service Restaurants on this site.
- Average acquisition loan in Limited-Service Restaurants: $1,303,660.
- Average acquisition loan in Maryland: $1,627,337.
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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