Main Street Registry

Joy Hospitality LLC

Los Angeles, CA · Full-Service Restaurants · NAICS 722511

Joy Hospitality LLC is a full-service restaurant business in Los Angeles, California, classified under NAICS code 722511. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,120,000, approved through Bank of America N.A. and the California Statewide Certified Development Corporation on January 27, 2025.

SBA 504 loan, approved Jan 27, 2025

$1,120,000 SBA portionCDC: California Statewide Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,120,000
Bank portion
$1,033,012
Estimated project size
$2,392,236 (estimated)
Estimated owner equity
$239,224 (estimated, about 10% of the project)
Bank lender
Bank of America N.a., Charlotte, NC
CDC
California Statewide Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
January 27, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
38
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-37
Collateral
Yes

Estimated share of project by source

Bank 43% SBA (CDC) 47% Owner 10%

  • Larger than 13% 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.

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Same industry in California