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Samarth Norristown LLC

Norristown, PA · Full-Service Restaurants · NAICS 722511

Samarth Norristown LLC is a full-service restaurant in Norristown, Pennsylvania, classified under NAICS code 722511. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $549,000 from Peoples Security Bank and Trust Company, approved on August 19, 2026.

SBA 7(a) loan, change of ownership, approved Aug 19, 2026

$549,000 approvedLender: Peoples Security Bank and Trust Company25 years termCommitted, not fully disbursedLoan details
Gross approval
$549,000
SBA-guaranteed amount
$411,750 (75% of the approval)
Lender
Peoples Security Bank and Trust Company, Scranton, PA
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
8%, variable
Term
25 years (300 months)
Estimated maturity
August 19, 2051 (estimated, approval date plus term)
Estimated monthly payment
$4,237 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
5
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Montgomery County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 11% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Pennsylvania: $1,636,965.

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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