Leoâs Events & Restaurant
Leo's Events & Restaurant in Braintree, MA operates in the Food Service Contractors industry (NAICS 722310). The business financed real estate or equipment through an SBA 504 loan of $1,720,000, approved June 13, 2024, with South Shore Bank as the lending bank and Bay Colony Development Corporation as the certified development company.
SBA 504 loan, approved Jun 13, 2024
$1,720,000 SBA portionCDC: Bay Colony Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,720,000
- Bank portion
- $2,110,000
- Estimated project size
- $4,255,556 (estimated)
- Estimated owner equity
- $425,556 (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
- June 13, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 35
- Business type
- Corporation
- NAICS
- 722310, Food Service Contractors
- Project location
- Norfolk County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-8
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 50% of expansion loans in Food Service Contractors on this site.
- Average expansion loan in Food Service Contractors: $2,097,444.
- 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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Same industry in Massachusetts
- VMB Holdings, LLC, Avon