Main Street Registry

34 Chophouse & Doc's Lounge

Denison, TX · Full-Service Restaurants · NAICS 722511

34 Chophouse & Doc's Lounge is a full-service restaurant located in Denison, Texas. The business was financed with an SBA 504 loan of $1,051,000 that financed real estate or equipment, approved on June 21, 2024, through Security National Bank of Omaha with Capital Certified Development Corporation as the certified development company.

SBA 504 loan, approved Jun 21, 2024

$1,051,000 SBA portionCDC: Capital Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,051,000
Bank portion
$1,280,000
Estimated project size
$2,590,000 (estimated)
Estimated owner equity
$259,000 (estimated, about 10% of the project)
Bank lender
Security National Bank of Omaha, Omaha, NE
CDC
Capital Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
June 21, 2049 (estimated, approval date plus term)
First disbursement
Nov 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
36
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Grayson County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-4
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 6% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • Average expansion loan in Texas: $2,316,979.

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 Texas