Main Street Registry

Culver’s of Palm Bay Road

Melbourne, FL · Limited-Service Restaurants · NAICS 722513

Culver's of Palm Bay Road is a franchised business in Melbourne, Florida, in the limited-service restaurants industry (NAICS 722513). The company financed real estate or equipment through an SBA 504 loan of $2,205,000 in SBA funds, with Bank Five Nine as the bank partner and Florida First Capital Finance Corporation, Inc. as the certified development company, approved on March 24, 2025.

SBA 504 loan, approved Mar 24, 2025

$2,205,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,205,000
Bank portion
$2,866,500
Estimated project size
$5,635,000 (estimated)
Estimated owner equity
$563,500 (estimated, about 10% of the project)
Bank lender
Bank Five Nine, Oconomowoc, WI
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
March 24, 2050 (estimated, approval date plus term)
First disbursement
Sep 16, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
38
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Franchise
Culver's
Project location
Brevard County, FL
SBA district office
South Florida District Office
Congressional district
FL-8
Collateral
Yes

Estimated share of project by source

Bank 51% SBA (CDC) 39% Owner 10%

  • Larger than 88% 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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Same industry in Florida