Luigi's Gourmet Express, Inc.
Luigi's Gourmet Express, Inc. is a food service contractor in Johnston, Rhode Island, classified under NAICS code 722310 (Food Service Contractors). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1.23 million, approved on August 26, 2025, through BankNewport and the Ocean State Business Development Authority.
SBA 504 loan, approved Aug 26, 2025
$1,230,000 SBA portionCDC: Ocean State Business Development Authority25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,230,000
- Bank portion
- $1,500,000
- Estimated project size
- $3,033,333 (estimated)
- Estimated owner equity
- $303,333 (estimated, about 10% of the project)
- Bank lender
- BankNewport, Middletown, RI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 26, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 722310, Food Service Contractors
- Project location
- Providence County, RI
- SBA district office
- Rhode Island District Office
- Congressional district
- RI-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 22% of expansion loans in Food Service Contractors on this site.
- Average expansion loan in Food Service Contractors: $2,097,444.
- Average expansion loan in Rhode Island: $1,662,733.
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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