Zaxby's of Laurel
Zaxby's of Laurel is a limited-service restaurant located in Laurel, Mississippi, in the NAICS category for limited-service restaurants. The company financed real estate or equipment through an SBA 504 loan of $1,156,000, approved on November 16, 2023, with Ameris Bank as the lending bank and Three Rivers Local Development Company, Inc. as the certified development company.
SBA 504 loan, approved Nov 16, 2023
$1,156,000 SBA portionCDC: Three Rivers Local Development Company, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,156,000
- Bank portion
- $1,330,000
- Estimated project size
- $2,762,222 (estimated)
- Estimated owner equity
- $276,222 (estimated, about 10% of the project)
- Bank lender
- Ameris Bank, Atlanta, GA
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- November 16, 2048 (estimated, approval date plus term)
- First disbursement
- Jan 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 21
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Project location
- Jones County, MS
- SBA district office
- Mississippi District Office
- Congressional district
- MS-4
- Collateral
- Yes
Estimated share of project by source
Bank 48% SBA (CDC) 42% Owner 10%
- Larger than 27% of expansion loans in Limited-Service Restaurants on this site.
- Average expansion loan in Limited-Service Restaurants: $1,507,672.
- Average expansion loan in Mississippi: $3,137,429.
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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- AR Pizza LLC, Greenwood