Main Street Registry

Savore Cuisine and Events

North Hollywood, CA · Caterers · NAICS 722320

Savore Cuisine and Events is a caterer located in North Hollywood, California, in the NAICS category for caterers. The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,036,000, approved on February 15, 2024, through a loan involving First-Citizens Bank & Trust Company and The Mortgage Capital Development Corporation.

SBA 504 loan, approved Feb 15, 2024

$1,036,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,036,000
Bank portion
$1,269,000
Estimated project size
$2,561,111 (estimated)
Estimated owner equity
$256,111 (estimated, about 10% of the project)
Bank lender
First-Citizens Bank & Trust Company, Raleigh, NC
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 15, 2049 (estimated, approval date plus term)
First disbursement
May 15, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
24
Business type
Corporation
NAICS
722320, Caterers
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-29
Collateral
Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

  • Larger than 4% of expansion loans in Caterers on this site.
  • Average expansion loan in Caterers: $1,887,963.
  • 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