Main Street Registry

Old Mexico of Greenville, Inc.

Greenville, AL · Full-Service Restaurants · NAICS 722511

Old Mexico of Greenville, Inc., located in Greenville, Alabama, operates in the full-service restaurants industry (NAICS 722511). The company was financed with an SBA 7(a) loan for a change of ownership of $730,000, approved on April 27, 2026, through Hancock Whitney Bank, and the loan reports 13 jobs.

SBA 7(a) loan, change of ownership, approved Apr 27, 2026

$730,000 approvedLender: Hancock Whitney Bank20 years termStatus not reported (SBA exemption)Loan details
Gross approval
$730,000
SBA-guaranteed amount
$547,500 (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%, variable
Term
20 years (240 months)
Estimated maturity
April 27, 2046 (estimated, approval date plus term)
Estimated monthly payment
$6,568 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 7, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
13
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Butler County, AL
SBA district office
Alabama District Office
Congressional district
AL-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 30% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Alabama: $1,764,717.

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 Alabama