Varsity Hospitality LLC
Varsity Hospitality LLC, located in Bellevue, Nebraska, operates in the full-service restaurants industry (NAICS 722511). The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,165,000, approved on September 15, 2025 by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Sep 15, 2025
$1,165,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,165,000
- SBA-guaranteed amount
- $873,750 (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
- 7.5%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- September 15, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $13,829 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 1, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 35
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Sarpy County, NE
- SBA district office
- Nebraska District Office
- Congressional district
- NE-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 60% of acquisition loans in Full-Service Restaurants on this site.
- Average acquisition loan in Full-Service Restaurants: $1,319,601.
- Average acquisition loan in Nebraska: $1,711,589.
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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