Main Street Registry

Hikari Kaiten Train Sushi & Bar

San Francisco, CA · Full-Service Restaurants · NAICS 722511

Hikari Kaiten Train Sushi & Bar is a full-service restaurant located in San Francisco, California, in the Full-Service Restaurants industry. The business financed real estate or equipment through an SBA 504 loan of $1,028,000, approved on February 13, 2024, with Cathay Bank as the lending bank and Business Finance Capital as the certified development company.

SBA 504 loan, approved Feb 13, 2024

$1,028,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,028,000
Bank portion
$1,250,000
Estimated project size
$2,531,111 (estimated)
Estimated owner equity
$253,111 (estimated, about 10% of the project)
Bank lender
Cathay Bank, Los Angeles, CA
CDC
Business Finance Capital
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 13, 2049 (estimated, approval date plus term)
First disbursement
May 15, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
San Francisco County, CA
SBA district office
San Francisco District Office
Congressional district
CA-12
Collateral
Yes

Estimated share of project by source

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

  • Larger than 3% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • Average expansion loan in California: $2,161,468.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in California