Main Street Registry

Courtland of Ormond, LLC

South Daytona, FL · Limited-Service Restaurants · NAICS 722513

Courtland of Ormond, LLC is a limited-service restaurant business located in South Daytona, Florida. It financed real estate or equipment through an SBA 504 loan of $1,843,000, with approval dated February 10, 2025, through Pinnacle Bank and Florida First Capital Finance Corporation, Inc.

SBA 504 loan, approved Feb 10, 2025

$1,843,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,843,000
Bank portion
$2,050,000
Estimated project size
$4,325,556 (estimated)
Estimated owner equity
$432,556 (estimated, about 10% of the project)
Bank lender
Pinnacle Bank, Nashville, TN
CDC
Florida First Capital Finance Corporation, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 10, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
35
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Volusia County, FL
SBA district office
North Florida District Office
Congressional district
FL-6
Collateral
Yes

Estimated share of project by source

Bank 47% SBA (CDC) 43% Owner 10%

  • Larger than 79% of expansion loans in Limited-Service Restaurants on this site.
  • Average expansion loan in Limited-Service Restaurants: $1,507,672.
  • 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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