SBA lending record

MPS I LLC

304 W BAY AREA BLVD, Webster, TX 77598 · Limited-Service Restaurants. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$1.1M

Total SBA financing

Loan on record

FY2023

On record

Jobs supported

Franchise brand

Bonchon

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● business · ● lender — business location is the ZIP-area centroid from the public record

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The loan

$1,092,000 — FY2023

Gross approval: $1,092,000
SBA guaranteed: $819,000 (75%)
Status: Delinquent
Rate at approval: 10.75% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 5/2/2023
First disbursement: 6/5/2023
Days to fund: 34 days
Collateral: None
Sold on secondary market: Yes

The lender

Milestone Bank

1 loan to this business

Total assets: $360.5B
Deposits: $299.3B
Loans outstanding: $298.6B
Net income: $441.0M
Return on assets: 0.4799497195531897%
Return on equity: 3.39%
Total equity: $52.4B
Offices: 1
Founded: 01/2
Headquarters: 310 South Main St., Suite 900, Salt Lake City, UT, 84101
FDIC cert: 58148
Website: www.milestonebank.com

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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with MPS I LLC.