Main Street Registry

Farmer Boys Gilbert

Gilbert, AZ · Limited-Service Restaurants · NAICS 722513

Farmer Boys Gilbert is a limited-service restaurant business located in Gilbert, Arizona, classified under NAICS code 722513. The company financed real estate or equipment through an SBA 504 loan of $1,132,000, with the loan approved on December 13, 2023, by Unison Bank through The Mortgage Capital Development Corporation.

SBA 504 loan, approved Dec 13, 2023

$1,132,000 SBA portionCDC: The Mortgage Capital Development Corporation20 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,132,000
Bank portion
$1,381,250
Estimated project size
$2,792,500 (estimated)
Estimated owner equity
$279,250 (estimated, about 10% of the project)
Bank lender
Unison Bank, Jamestown, ND
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
20 years (240 months)
Estimated maturity
December 13, 2043 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
50
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Maricopa County, AZ
SBA district office
Arizona District Office
Congressional district
AZ-5
Collateral
Yes

Estimated share of project by source

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

  • Larger than 20% of expansion loans in Limited-Service Restaurants on this site.
  • Average expansion loan in Limited-Service Restaurants: $1,507,672.
  • Average expansion loan in Arizona: $2,074,452.

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 Arizona