Johnny Burke Catering & Events
Johnny Burke Catering & Events is a caterer located in Needham, Massachusetts, classified under NAICS code 722320. The business was approved for an SBA 504 loan with an SBA portion of $1,475,000, financed through South Shore Bank and New England Certified Development Corporation, with an approval date of March 6, 2024. The company financed real estate or equipment through an SBA 504 loan.
SBA 504 loan, approved Mar 6, 2024
$1,475,000 SBA portionCDC: New England Certified Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,475,000
- Bank portion
- $1,800,000
- Estimated project size
- $3,638,889 (estimated)
- Estimated owner equity
- $363,889 (estimated, about 10% of the project)
- Bank lender
- South Shore Bank, Weymouth, MA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 6, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 722320, Caterers
- Project location
- Norfolk County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-4
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 44% of expansion loans in Caterers on this site.
- Average expansion loan in Caterers: $1,887,963.
- Average expansion loan in Massachusetts: $2,009,683.
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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