Main Street Registry

Palm Street Livery LLC

Ventura, CA · Full-Service Restaurants · NAICS 722511

Palm Street Livery LLC is a full-service restaurant business in Ventura, California, classified under NAICS code 722511. It financed real estate or equipment through an SBA 504 loan of $2,662,000, approved on April 10, 2024, with Mission Bank as the lending partner and The Mortgage Capital Development Corporation as the certified development company.

SBA 504 loan, approved Apr 10, 2024

$2,662,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,662,000
Bank portion
$3,250,000
Estimated project size
$6,568,889 (estimated)
Estimated owner equity
$656,889 (estimated, about 10% of the project)
Bank lender
Mission Bank, Bakersfield, 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
April 10, 2049 (estimated, approval date plus term)
First disbursement
Jul 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
101
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Ventura County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-24
Collateral
Yes

Estimated share of project by source

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

  • Larger than 85% 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