SAANVI Enterprise LLC
SAANVI Enterprise LLC is located in Commerce, GA, and the SBA lists its industry as Limited-Service Restaurants. It was approved for an SBA 504 loan ($1,320,000 SBA portion) on January 29, 2024 to finance real estate or equipment.
SBA 504 loan, approved Jan 29, 2024
- SBA (CDC) portion
- $1,320,000
- Bank portion
- $2,975,000
- Estimated project size
- $4,772,222 (estimated)
- Estimated owner equity
- $477,222 (estimated, about 10% of the project)
- Bank lender
- First Horizon Bank, Memphis, TN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 29, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Project location
- Banks County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-9
- Collateral
- Yes
Estimated share of project by source
Bank 62% SBA (CDC) 28% Owner 10%
- Larger than 47% of expansion loans in Limited-Service Restaurants on this site.
- Average expansion loan in Limited-Service Restaurants: $1,507,672.
- Average expansion loan in Georgia: $2,201,121.
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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