Main Street Registry

Ugly Mug/Slawek, LLC

Cape May, NJ · Full-Service Restaurants · NAICS 722511

Ugly Mug/Slawek, LLC is a full-service restaurant business located in Cape May, New Jersey. The company financed real estate or equipment through an SBA 504 loan of $1,982,000, approved on February 23, 2024, with OceanFirst Bank, National Association as the bank partner and Empire State Certified Development Corporation as the certified development company.

SBA 504 loan, approved Feb 23, 2024

$1,982,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,982,000
Bank portion
$2,201,000
Estimated project size
$4,647,778 (estimated)
Estimated owner equity
$464,778 (estimated, about 10% of the project)
Bank lender
OceanFirst Bank, National Association, Toms River, NJ
CDC
Empire State Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 23, 2049 (estimated, approval date plus term)
First disbursement
Jul 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
65
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Cape May County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-2
Collateral
Yes

Estimated share of project by source

Bank 47% SBA (CDC) 43% Owner 10%

  • Larger than 73% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • Average expansion loan in New Jersey: $2,533,058.

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 New Jersey