Main Street Registry

Tonino Cucina LLC

Washington, MO · Full-Service Restaurants · NAICS 722511

Tonino Cucina LLC is a full-service restaurant located in Washington, Missouri, in the Full-Service Restaurants industry. The business was financed with an SBA 7(a) loan for a change of ownership totaling $500,000, approved on November 19, 2023 by Bank of Franklin County.

SBA 7(a) loan, change of ownership, approved Nov 19, 2023

$500,000 approvedLender: Bank of Franklin County10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$500,000
SBA-guaranteed amount
$250,000 (50% of the approval)
Lender
Bank of Franklin County, Washington, MO
Processing method
SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
Initial interest rate
8.5%, variable
Term
10 years (120 months)
Estimated maturity
November 19, 2033 (estimated, approval date plus term)
Estimated monthly payment
$6,199 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 20, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Franklin County, MO
SBA district office
St. Louis District Office
Congressional district
MO-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Missouri: $1,584,414.

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 Missouri