Main Street Registry

Popeyes Champions LLC

Breese, IL · Full-Service Restaurants · NAICS 722511

Popeyes Champions LLC is a full-service restaurant business located in Breese, Illinois, in the Full-Service Restaurants industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,455,000, approved on March 2, 2024, by Bank of Springfield. The loan is associated with a franchise and is reported with 20 jobs.

SBA 7(a) loan, change of ownership, approved Mar 2, 2024

$1,455,000 approvedLender: Bank of Springfield243 months termStatus not reported (SBA exemption)Loan details
Gross approval
$1,455,000
SBA-guaranteed amount
$1,091,250 (75% of the approval)
Lender
Bank of Springfield, Springfield, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
20 years, 3 months (243 months)
Estimated maturity
June 2, 2044 (estimated, approval date plus term)
Estimated monthly payment
$12,337 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 19, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Clinton County, IL
SBA district office
Illinois District Office
Congressional district
IL-15
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 71% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Illinois: $1,796,780.

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 Illinois