TT and SL LLC
TT and SL LLC is a limited-service restaurant business located in Rio Rancho, New Mexico, under NAICS code 722513. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,302,900, approved on August 26, 2025 by Wells Fargo Bank National Association.
SBA 7(a) loan, change of ownership, approved Aug 26, 2025
$1,302,900 approvedLender: Wells Fargo Bank National Association25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,302,900
- SBA-guaranteed amount
- $977,175 (75% of the approval)
- Lender
- Wells Fargo Bank National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 6.95%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- August 26, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $9,167 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 5, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 30
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Project location
- Sandoval County, NM
- SBA district office
- New Mexico District Office
- Congressional district
- NM-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 66% of acquisition loans in Limited-Service Restaurants on this site.
- Average acquisition loan in Limited-Service Restaurants: $1,303,660.
- Average acquisition loan in New Mexico: $1,985,089.
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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