9th Avenue Properties, LLC
9th Avenue Properties, LLC is located in Gaithersburg, MD, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 504 loan ($1,230,000 SBA portion) on February 21, 2024 to finance real estate or equipment.
SBA 504 loan, approved Feb 21, 2024
- SBA (CDC) portion
- $1,230,000
- Bank portion
- $1,500,000
- Estimated project size
- $3,033,333 (estimated)
- Estimated owner equity
- $303,333 (estimated, about 10% of the project)
- Bank lender
- M&T Bank Corporation, Buffalo, NY
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- February 21, 2049 (estimated, approval date plus term)
- First disbursement
- Aug 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- LLC or partnership
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Montgomery County, MD
- SBA district office
- Washington District Office
- Congressional district
- MD-6
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 23% of expansion loans in Full-Service Restaurants on this site.
- Average expansion loan in Full-Service Restaurants: $1,813,082.
- Average expansion loan in Maryland: $2,350,795.
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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