Main Street Registry

Avocado's Cocina Mexicana & Bar #2, Inc.

Sarasota, FL · Full-Service Restaurants · NAICS 722511

Avocado's Cocina Mexicana & Bar #2, Inc. is a full-service restaurant located in Sarasota, Florida. The company financed real estate or equipment through an SBA 504 loan of $1,420,000, approved on March 12, 2025 by JPMorgan Chase Bank, National Association, with Florida Business Development Corporation as the certified development company.

SBA 504 loan, approved Mar 12, 2025

$1,420,000 SBA portionCDC: Florida Business Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,420,000
Bank portion
$1,706,000
Estimated project size
$3,473,333 (estimated)
Estimated owner equity
$347,333 (estimated, about 10% of the project)
Bank lender
JPMorgan Chase Bank, National Association, Columbus, OH
CDC
Florida Business Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
March 12, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
12
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Sarasota County, FL
SBA district office
South Florida District Office
Congressional district
FL-16
Collateral
Yes

Estimated share of project by source

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

  • Larger than 43% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • Average expansion loan in Florida: $2,058,496.

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