Main Street Registry

Reina Enterprises LLC

Miami, FL · Full-Service Restaurants · NAICS 722511

Reina Enterprises LLC is a full-service restaurant business located in Miami, Florida, classified under NAICS code 722511. It was financed with an SBA 7(a) loan for a change of ownership totaling $769,000, approved on December 10, 2024, through the lender VelocitySBA, LLC.

SBA 7(a) loan, change of ownership, approved Dec 10, 2024

$769,000 approvedLender: VelocitySBA, LLC10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$769,000
SBA-guaranteed amount
$576,750 (75% of the approval)
Lender
VelocitySBA, LLC, Irving, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
December 10, 2034 (estimated, approval date plus term)
Estimated monthly payment
$10,377 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 13, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Miami-Dade County, FL
SBA district office
South Florida District Office
Congressional district
FL-25
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 33% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Florida: $1,808,559.

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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