Main Street Registry

Hyde Park Liquors

San Jose, CA · Convenience Retailers · NAICS 445131

Hyde Park Liquors, located in San Jose, California, operates in the convenience retailers industry (NAICS 445131). The business financed real estate or equipment through an SBA 504 loan of $1,231,000, with Cathay Bank as the lending bank and The Mortgage Capital Development Corporation as the certified development company, approved on July 16, 2024.

SBA 504 loan, approved Jul 16, 2024

$1,231,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,231,000
Bank portion
$1,500,000
Estimated project size
$3,034,444 (estimated)
Estimated owner equity
$303,444 (estimated, about 10% of the project)
Bank lender
Cathay Bank, Los Angeles, CA
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
July 16, 2049 (estimated, approval date plus term)
First disbursement
Oct 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
445131, Convenience Retailers
Project location
Santa Clara County, CA
SBA district office
San Francisco District Office
Congressional district
CA-17
Collateral
Yes

Estimated share of project by source

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

  • Average expansion loan in Convenience Retailers: $2,045,286.
  • 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.

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Same industry in California