Purple Orchid
Purple Orchid is located in Miami, FL, and the SBA lists its industry as Limited-Service Restaurants. It was approved for an SBA 504 loan ($1,271,000 SBA portion) on May 20, 2024 to finance real estate or equipment.
SBA 504 loan, approved May 20, 2024
- SBA (CDC) portion
- $1,271,000
- Bank portion
- $1,531,055
- Estimated project size
- $3,113,394 (estimated)
- Estimated owner equity
- $311,339 (estimated, about 10% of the project)
- Bank lender
- Seacoast National Bank, Stuart, FL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 20, 2049 (estimated, approval date plus term)
- First disbursement
- Feb 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Project location
- Miami-Dade County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-24
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 42% of expansion loans in Limited-Service Restaurants on this site.
- Average expansion loan in Limited-Service Restaurants: $1,507,672.
- Average expansion loan in Florida: $2,058,496.
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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