The Ritz Bar and Lounge
The Ritz Bar and Lounge in New York, NY operates in the drinking places (alcoholic beverages) industry, NAICS 722410. The business financed real estate or equipment through an SBA 504 loan of $2,177,000, approved on November 12, 2024 through lender Berkeley Alternative Income Fund I, LLC and certified development company Trenton Business Assistance Corporation.
SBA 504 loan, approved Nov 12, 2024
$2,177,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,177,000
- Bank portion
- $2,489,374
- Estimated project size
- $5,184,860 (estimated)
- Estimated owner equity
- $518,486 (estimated, about 10% of the project)
- Bank lender
- Berkeley Alternative Income Fund I, LLC, Norcross, GA
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- November 12, 2049 (estimated, approval date plus term)
- First disbursement
- Jan 14, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 722410, Drinking Places (Alcoholic Beverages)
- Project location
- New York County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-10
- Collateral
- Yes
Estimated share of project by source
Bank 48% SBA (CDC) 42% Owner 10%
- Larger than 88% of expansion loans in Drinking Places (Alcoholic Beverages) on this site.
- Average expansion loan in Drinking Places (Alcoholic Beverages): $1,516,000.
- Average expansion loan in New York: $2,225,161.
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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