7 Shree Sikotar MAA LLC
7 Shree Sikotar MAA LLC is a limited-service restaurant business in Ogunquit, Maine, in the NAICS 722513 industry. It financed real estate or equipment through an SBA 504 loan of $1,277,000 with Kennebunk Savings Bank, with approval dated April 21, 2026.
SBA 504 loan, approved Apr 21, 2026
$1,277,000 SBA portionCDC: Southern Maine Finance Agency25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,277,000
- Bank portion
- $1,550,000
- Estimated project size
- $3,141,111 (estimated)
- Estimated owner equity
- $314,111 (estimated, about 10% of the project)
- Bank lender
- Kennebunk Savings Bank, Kennebunk, ME
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- April 21, 2051 (estimated, approval date plus term)
- First disbursement
- Aug 12, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Project location
- York County, ME
- SBA district office
- Maine District Office
- Congressional district
- ME-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 43% of expansion loans in Limited-Service Restaurants on this site.
- Average expansion loan in Limited-Service Restaurants: $1,507,672.
- Average expansion loan in Maine: $2,027,182.
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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