Francis Rodriguez and Karina Rodriguez
Francis Rodriguez and Karina Rodriguez, located in Miami Gardens, Florida, operate in the supermarkets and other grocery retailers industry. The business was approved for an SBA 504 loan with an SBA portion of $4,975,000 in July 2024, financing real estate or equipment through Regions Bank with Florida First Capital Finance Corporation, Inc. as the certified development company, and the loan is listed as not funded.
SBA 504 loan, approved Jul 26, 2024
$4,975,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $4,975,000
- Bank portion
- $9,686,310
- Estimated project size
- $16,290,344 (estimated)
- Estimated owner equity
- $1,629,034 (estimated, about 10% of the project)
- Bank lender
- Regions Bank, Birmingham, AL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 26, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 8
- Business type
- Individual
- NAICS
- 445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- Project location
- Miami-Dade County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-24
- Collateral
- Yes
Estimated share of project by source
Bank 59% SBA (CDC) 31% Owner 10%
- Larger than 86% of expansion loans in Supermarkets and Other Grocery Retailers (except Convenience Retailers) on this site.
- Average expansion loan in Supermarkets and Other Grocery Retailers (except Convenience Retailers): $2,388,397.
- 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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