Main Street Registry

Brant Rock Ocean Cafe, Inc

Marshfield, MA · Full-Service Restaurants · NAICS 722511

Brant Rock Ocean Cafe, Inc is a full-service restaurant business located in Marshfield, Massachusetts. The company financed real estate or equipment through an SBA 504 loan with a $1.27 million SBA portion, approved on August 7, 2024, with Eastern Bank as the bank partner and New England Certified Development Corporation as the certified development company.

SBA 504 loan, approved Aug 7, 2024

$1,270,000 SBA portionCDC: New England Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,270,000
Bank portion
$1,550,000
Estimated project size
$3,133,333 (estimated)
Estimated owner equity
$313,333 (estimated, about 10% of the project)
Bank lender
Eastern Bank, Boston, MA
CDC
New England Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 7, 2049 (estimated, approval date plus term)
First disbursement
Nov 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
40
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Plymouth County, MA
SBA district office
Massachusetts District Office
Congressional district
MA-8
Collateral
Yes

Estimated share of project by source

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

  • Larger than 27% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • Average expansion loan in Massachusetts: $2,009,683.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Massachusetts