Arriba Capital Closes a $500,000 SBA Loan: Indianapolis, IN

Arriba Capital (Arriba) successfully closed a $500,000 SBA 7a loan for established restaurant concept located in Indianapolis, IN. The new financing structure refinanced the existing private money debt and provided the sponsorship necessary working capital dollar to purchase inventory and pay off receivables. The loan, mostly unsecured, was priced at Prime + 2.00% with a 10-year term and a 10-year amortization.