Main Street Registry

Pazza on Porter

Boston, MA · Full-Service Restaurants · NAICS 722511

Pazza on Porter is a full-service restaurant business located in Boston, Massachusetts. It financed real estate or equipment through an SBA 504 loan of $1,414,000, approved on January 17, 2025, with Pentucket Bank as the lender and Bay Colony Development Corporation as the certified development company.

SBA 504 loan, approved Jan 17, 2025

$1,414,000 SBA portionCDC: Bay Colony Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,414,000
Bank portion
$1,725,000
Estimated project size
$3,487,778 (estimated)
Estimated owner equity
$348,778 (estimated, about 10% of the project)
Bank lender
Pentucket Bank, Haverhill, MA
CDC
Bay Colony Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
January 17, 2050 (estimated, approval date plus term)
First disbursement
Apr 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
22
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Suffolk County, MA
SBA district office
Massachusetts District Office
Congressional district
MA-7
Collateral
Yes

Estimated share of project by source

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

  • Larger than 41% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • 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