Main Street Registry

Seoul BBQ & Sushi

Phoenix, AZ · Full-Service Restaurants · NAICS 722511

Seoul BBQ & Sushi is a full-service restaurant in Phoenix, Arizona, classified under NAICS code 722511. The business financed real estate or equipment through an SBA 504 loan of $1,035,000, approved on June 2, 2025, with JPMorgan Chase Bank, National Association as the lending bank and The Mortgage Capital Development Corporation as the certified development company.

SBA 504 loan, approved Jun 2, 2025

$1,035,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,035,000
Bank portion
$1,100,000
Estimated project size
$2,372,222 (estimated)
Estimated owner equity
$237,222 (estimated, about 10% of the project)
Bank lender
JPMorgan Chase Bank, National Association, Columbus, OH
CDC
The Mortgage Capital Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
June 2, 2050 (estimated, approval date plus term)
First disbursement
Sep 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Maricopa County, AZ
SBA district office
Arizona District Office
Congressional district
AZ-6
Collateral
Yes

Estimated share of project by source

Bank 46% SBA (CDC) 44% Owner 10%

  • Larger than 4% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • Average expansion loan in Arizona: $2,074,452.

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 Arizona