Main Street Registry

Elysian Dreams LLC

North Grafton, MA · Full-Service Restaurants · NAICS 722511

Elysian Dreams LLC is a full-service restaurant located in North Grafton, Massachusetts, classified under NAICS 722511.

SBA 7(a) loan, change of ownership, approved Sep 15, 2025

$720,000 approvedLender: Rockland Trust Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$720,000
SBA-guaranteed amount
$540,000 (75% of the approval)
Lender
Rockland Trust Company, Rockland, MA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
6.8%, variable
Term
10 years (120 months)
Estimated maturity
September 15, 2035 (estimated, approval date plus term)
Estimated monthly payment
$8,286 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 24, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
55
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Worcester County, MA
SBA district office
Massachusetts District Office
Congressional district
MA-02
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 29% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Massachusetts: $1,643,977.

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.

SBA 504 loan, approved May 30, 2025

$1,229,000 SBA portionCDC: Worcester Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,229,000
Bank portion
$1,500,000
Estimated project size
$3,032,222 (estimated)
Estimated owner equity
$303,222 (estimated, about 10% of the project)
Bank lender
Rockland Trust, Franklin, MA
CDC
Worcester Business Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 30, 2050 (estimated, approval date plus term)
First disbursement
Nov 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
25
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Worcester County, MA
SBA district office
Massachusetts District Office
Congressional district
MA-2
Collateral
Yes

Estimated share of project by source

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

  • Larger than 22% 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.

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Same industry in Massachusetts