Main Street Registry

Watercolor Pizza, LLC

Santa Rosa Beach, FL · Full-Service Restaurants · NAICS 722511

Watercolor Pizza, LLC, located in Santa Rosa Beach, Florida, 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 $4,705,000, approved on November 25, 2023, through First Internet Bank of Indiana.

SBA 7(a) loan, change of ownership, approved Nov 25, 2023

$4,705,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,705,000
SBA-guaranteed amount
$3,528,750 (75% of the approval)
Lender
First Internet Bank of Indiana, Fishers, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
10 years (120 months)
Estimated maturity
November 25, 2033 (estimated, approval date plus term)
Estimated monthly payment
$65,479 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 5, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
45
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Walton County, FL
SBA district office
North Florida District Office
Congressional district
FL-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 98% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Florida: $1,808,559.

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 Florida