Main Street Registry

That Place Bar LLC

Indianapolis, IN · Full-Service Restaurants · NAICS 722511

That Place Bar LLC is located in Indianapolis, IN, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 7(a) loan of $675,000 for a change of ownership on June 7, 2024.

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

Gross approval
$675,000
SBA-guaranteed amount
$506,250 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
June 7, 2034 (estimated, approval date plus term)
Estimated monthly payment
$9,108 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Marion County, IN
SBA district office
Indiana District Office
Congressional district
IN-07
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Indiana