Main Street Registry

SMB Holdings Inc

Savannah, GA · Full-Service Restaurants · NAICS 722511

SMB Holdings Inc is a full-service restaurant business located in Savannah, Georgia. The company was financed with an SBA 7(a) loan for a change of ownership of $1.6 million, approved on January 22, 2024, by Celtic Bank Corporation.

SBA 7(a) loan, change of ownership, approved Jan 22, 2024

$1,572,100 approvedLender: Celtic Bank Corporation285 months termStatus not reported (SBA exemption)Loan details
Gross approval
$1,572,100
SBA-guaranteed amount
$1,179,075 (75% of the approval)
Lender
Celtic Bank Corporation, Salt Lake City, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
23 years, 9 months (285 months)
Estimated maturity
October 22, 2047 (estimated, approval date plus term)
Estimated monthly payment
$15,009 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 31, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
48
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Chatham County, GA
SBA district office
Georgia District Office
Congressional district
GA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 74% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Georgia: $2,017,638.

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 Georgia