Main Street Registry

Texas HH Foods, LLC

Kountze, TX · Full-Service Restaurants · NAICS 722511

Texas HH Foods, LLC is a full-service restaurant business located in Kountze, Texas. The company was financed with an SBA 7(a) loan for a change of ownership totaling $900,000, approved on September 16, 2024, through Hancock Whitney Bank.

SBA 7(a) loan, change of ownership, approved Sep 16, 2024

$900,000 approvedLender: Hancock Whitney Bank219 months termStatus not reported (SBA exemption)Loan details
Gross approval
$900,000
SBA-guaranteed amount
$675,000 (75% of the approval)
Lender
Hancock Whitney Bank, Gulfport, MS
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
18 years, 3 months (219 months)
Estimated maturity
December 16, 2042 (estimated, approval date plus term)
Estimated monthly payment
$9,395 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 28, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Hardin County, TX
SBA district office
Houston District Office
Congressional district
TX-36
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 42% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Texas: $1,944,682.

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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