Main Street Registry

Chido's Tex-Mex Grill

Laurel, MD · Full-Service Restaurants · NAICS 722511

Chido's Tex-Mex Grill is a full-service restaurant business in Laurel, Maryland, classified under NAICS code 722511 (Full-Service Restaurants). The business financed real estate or equipment through an SBA 504 loan of $2,497,000, approved on April 2, 2025, with First National Bank of Pennsylvania as the lender and Rappahannock Economic Development Corporation as the certified development company.

SBA 504 loan, approved Apr 2, 2025

$2,497,000 SBA portionCDC: Rappahannock Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,497,000
Bank portion
$3,050,000
Estimated project size
$6,163,333 (estimated)
Estimated owner equity
$616,333 (estimated, about 10% of the project)
Bank lender
First National Bank of Pennsylvania, Greenville, PA
CDC
Rappahannock Economic Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 2, 2050 (estimated, approval date plus term)
First disbursement
Jul 16, 2025
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Prince Georges County, MD
SBA district office
Washington District Office
Congressional district
MD-3
Collateral
Yes

Estimated share of project by source

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

  • Larger than 83% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • Average expansion loan in Maryland: $2,350,795.

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 Maryland