Fifty First Street, LLC
Fifty First Street, LLC is a full-service restaurant business located in Pittsburgh, Pennsylvania. The company financed real estate or equipment through an SBA 504 loan of $1,065,000 with KeyBank National Association and Empire State Certified Development Corporation, approved on November 15, 2023.
SBA 504 loan, approved Nov 15, 2023
- SBA (CDC) portion
- $1,065,000
- Bank portion
- $1,300,000
- Estimated project size
- $2,627,778 (estimated)
- Estimated owner equity
- $262,778 (estimated, about 10% of the project)
- Bank lender
- KeyBank National Association, Cleveland, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 15, 2048 (estimated, approval date plus term)
- First disbursement
- Sep 16, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Allegheny County, PA
- SBA district office
- Pittsburgh District Office
- Congressional district
- PA-18
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 7% of expansion loans in Full-Service Restaurants on this site.
- Average expansion loan in Full-Service Restaurants: $1,813,082.
- Average expansion loan in Pennsylvania: $2,212,724.
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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